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Gold Reserve Transparency Act of 2025

USA119th CongressHR-3795| House 
| Updated: 6/6/2025
Thomas Massie

Thomas Massie

Republican Representative

Kentucky

Cosponsors (4)
Warren Davidson (Republican)Scott Perry (Republican)Troy E. Nehls (Republican)Addison P. McDowell (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The Gold Reserve Transparency Act of 2025 directs the Comptroller General to contract with a qualified, independent, third-party auditor to conduct a comprehensive assay, inventory, and audit of all United States gold reserves. This initial audit must be completed within nine months of the bill's enactment, with subsequent audits mandated every five years. The audit's scope includes gold in "deep storage," an analysis of physical security, and a full accounting of all encumbrances, sales, purchases, and disbursements related to gold reserves over the past 50 years. Furthermore, the auditor must account for all gold in which the U.S. Government, including the Federal Reserve, has a direct or indirect interest, even if held by third parties like the IMF or foreign central banks. Following each audit, the Comptroller General is required to issue a detailed report to Congress and the Secretary of the Treasury, making it publicly available online with only limited redactions for physical security details. To ensure thoroughness, the Comptroller General and the external auditor will have full access to all relevant facilities and records, enforceable by subpoena, and all federal agencies must provide necessary information without redactions.
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Timeline

Bill from Previous Congress

HR 116-2559
Gold Reserve Transparency Act of 2019

Bill from Previous Congress

HR 117-3526
Gold Reserve Transparency Act of 2021
Jun 6, 2025
Introduced in House
Jun 6, 2025
Referred to the House Committee on Financial Services.
Nov 19, 2025

Latest Companion Bill Action

S 119-3218
Introduced in Senate
  • Bill from Previous Congress

    HR 116-2559
    Gold Reserve Transparency Act of 2019


  • Bill from Previous Congress

    HR 117-3526
    Gold Reserve Transparency Act of 2021


  • June 6, 2025
    Introduced in House


  • June 6, 2025
    Referred to the House Committee on Financial Services.


  • November 19, 2025

    Latest Companion Bill Action

    S 119-3218
    Introduced in Senate

Finance and Financial Sector

Gold Reserve Transparency Act of 2025

USA119th CongressHR-3795| House 
| Updated: 6/6/2025
The Gold Reserve Transparency Act of 2025 directs the Comptroller General to contract with a qualified, independent, third-party auditor to conduct a comprehensive assay, inventory, and audit of all United States gold reserves. This initial audit must be completed within nine months of the bill's enactment, with subsequent audits mandated every five years. The audit's scope includes gold in "deep storage," an analysis of physical security, and a full accounting of all encumbrances, sales, purchases, and disbursements related to gold reserves over the past 50 years. Furthermore, the auditor must account for all gold in which the U.S. Government, including the Federal Reserve, has a direct or indirect interest, even if held by third parties like the IMF or foreign central banks. Following each audit, the Comptroller General is required to issue a detailed report to Congress and the Secretary of the Treasury, making it publicly available online with only limited redactions for physical security details. To ensure thoroughness, the Comptroller General and the external auditor will have full access to all relevant facilities and records, enforceable by subpoena, and all federal agencies must provide necessary information without redactions.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-2559
Gold Reserve Transparency Act of 2019

Bill from Previous Congress

HR 117-3526
Gold Reserve Transparency Act of 2021
Jun 6, 2025
Introduced in House
Jun 6, 2025
Referred to the House Committee on Financial Services.
Nov 19, 2025

Latest Companion Bill Action

S 119-3218
Introduced in Senate
  • Bill from Previous Congress

    HR 116-2559
    Gold Reserve Transparency Act of 2019


  • Bill from Previous Congress

    HR 117-3526
    Gold Reserve Transparency Act of 2021


  • June 6, 2025
    Introduced in House


  • June 6, 2025
    Referred to the House Committee on Financial Services.


  • November 19, 2025

    Latest Companion Bill Action

    S 119-3218
    Introduced in Senate
Thomas Massie

Thomas Massie

Republican Representative

Kentucky

Cosponsors (4)
Warren Davidson (Republican)Scott Perry (Republican)Troy E. Nehls (Republican)Addison P. McDowell (Republican)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted