Federal Reserve Transparency Act of 2025

Sponsored byRep. Massie, Thomas [R-KY-4]KY· Introduced 3 January 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

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Since introduced

Introduced

Committee

Passed Chamber

Passed Both

Enacted

Step 1 of 0

Latest action

Referred to the House Committee on Oversight and Government Reform.

3 January 2025·1 year ago

Summary

Introduced in House · Updated 19 February 2025

Federal Reserve Transparency Act of 2025

This bill directs the Government Accountability Office (GAO) to complete, within 12 months, an audit of the Federal Reserve Board and Federal Reserve banks. In addition, the bill allows the GAO to audit the Federal Reserve Board and Federal Reserve banks with respect to (1) international financial transactions; (2) deliberations, decisions, or actions on monetary policy matters; (3) transactions made under the direction of the Federal Open Market Committee; and (4) discussions or communications among Federal Reserve officers, board members, and employees regarding any of these matters.

Timeline

3 actions

Referred to the House Committee on Oversight and Government Reform.
3 January 2025 · IntroReferral
Introduced in House
3 January 2025 · IntroReferral
Introduced in House
3 January 2025 · IntroReferral

Sponsorship

46 cosponsors

Sponsor

Rep. Massie, Thomas [R-KY-4]KY

Cosponsors

Republican46100%

Republican:Rep. Biggs, Sheri [R-SC-3]SC
Republican:Rep. Rulli, Michael A. [R-OH-6]OH
Republican:Rep. Hamadeh, Abraham [R-AZ-8]AZ
Republican:Rep. Wied, Tony [R-WI-8]WI
Republican:Rep. Harris, Andy [R-MD-1]MD
Republican:Rep. Green, Mark E. [R-TN-7]TN
Republican:Rep. Bilirakis, Gus M. [R-FL-12]FL
Republican:Rep. Guthrie, Brett [R-KY-2]KY
Republican:Rep. Burchett, Tim [R-TN-2]TN
Republican:Rep. Finstad, Brad [R-MN-1]MN
Republican:Rep. Webster, Daniel [R-FL-11]FL
Republican:Rep. Crane, Elijah [R-AZ-2]AZ
Republican:Rep. Perry, Scott [R-PA-10]PA
Republican:Rep. Spartz, Victoria [R-IN-5]IN
Republican:Rep. Palmer, Gary J. [R-AL-6]AL
Republican:Rep. McClintock, Tom [R-CA-5]CA
Republican:Rep. Moolenaar, John R. [R-MI-2]MI
Republican:Rep. Davidson, Warren [R-OH-8]OH
Republican:Rep. Moore, Barry [R-AL-1]AL
Republican:Rep. Tenney, Claudia [R-NY-24]NY
Republican:Rep. Fitzpatrick, Brian K. [R-PA-1]PA
Republican:Rep. Boebert, Lauren [R-CO-4]CO
Republican:Rep. Cammack, Kat [R-FL-3]FL
Republican:Rep. Burlison, Eric [R-MO-7]MO
Republican:Rep. Crawford, Eric A. "Rick" [R-AR-1]AR
Republican:Rep. Biggs, Andy [R-AZ-5]AZ
Republican:Rep. Collins, Mike [R-GA-10]GA
Republican:Rep. Ogles, Andrew [R-TN-5]TN
Republican:Rep. McCormick, Richard [R-GA-7]GA
Republican:Rep. Steube, W. Gregory [R-FL-17]FL
Republican:Rep. Luna, Anna Paulina [R-FL-13]FL
Republican:Rep. Greene, Marjorie Taylor [R-GA-14]GA
Republican:Rep. Cloud, Michael [R-TX-27]TX
Republican:Rep. Gosar, Paul A. [R-AZ-9]AZ
Republican:Rep. Roy, Chip [R-TX-21]TX
Republican:Rep. Griffith, H. Morgan [R-VA-9]VA
Republican:Rep. Cline, Ben [R-VA-6]VA
Republican:Rep. Norman, Ralph [R-SC-5]SC
Republican:Rep. Bost, Mike [R-IL-12]IL
Republican:Rep. Rutherford, John H. [R-FL-5]FL
Republican:Rep. Estes, Ron [R-KS-4]KS
Republican:Rep. Hageman, Harriet M. [R-WY-At Large]WY
Republican:Rep. Weber, Randy K. Sr. [R-TX-14]TX
Republican:Rep. Miller, Mary E. [R-IL-15]IL
Republican:Rep. Mace, Nancy [R-SC-1]SC
Republican:Rep. Brecheen, Josh [R-OK-2]OK

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Accounting and auditingBank accounts, deposits, capitalCongressional oversightFederal Reserve SystemGovernment studies and investigations

Committees

Oversight and Government Reform Committee
House · Standing
- Referred To3 Jan 2025

Cosponsor momentum

Cumulative over time

Track Federal Reserve Transparency Act of 2025 as it moves through Congress