Federal Reserve Transparency Act of 2025
Latest action · Jan 3, 2025 Referred to the House Committee on Oversight and Government Reform.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 3, 2025
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 46
Members who signed on, in the order they did. Signatures ran from Jan 3, 2025 to Feb 12, 2025; 38 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-TN | Andrew Ogles | Original | Jan 3, 2025 |
| R-AZ | Andy Biggs | Original | Jan 3, 2025 |
| R-FL | Anna Paulina Luna | Original | Jan 3, 2025 |
| R-AL | Barry Moore | Original | Jan 3, 2025 |
| R-VA | Ben Cline | Original | Jan 3, 2025 |
| R-MN | Brad Finstad | Original | Jan 3, 2025 |
| R-PA | Brian K. Fitzpatrick | Original | Jan 3, 2025 |
| R-TX | Chip Roy | Original | Jan 3, 2025 |
| R-NY | Claudia Tenney | Original | Jan 3, 2025 |
| R-FL | Daniel Webster | Original | Jan 3, 2025 |
| R-AZ | Elijah Crane | Original | Jan 3, 2025 |
| R-AR | Eric A. "Rick" Crawford | Original | Jan 3, 2025 |
| R-MO | Eric Burlison | Original | Jan 3, 2025 |
| R-AL | Gary J. Palmer | Original | Jan 3, 2025 |
| R-VA | H. Morgan Griffith | Original | Jan 3, 2025 |
| R-WY | Harriet M. Hageman | Original | Jan 3, 2025 |
| R-FL | John H. Rutherford | Original | Jan 3, 2025 |
| R-MI | John R. Moolenaar | Original | Jan 3, 2025 |
| R-OK | Josh Brecheen | Original | Jan 3, 2025 |
| R-FL | Kat Cammack | Original | Jan 3, 2025 |
| R-CO | Lauren Boebert | Original | Jan 3, 2025 |
| R-GA | Marjorie Taylor Greene | Original | Jan 3, 2025 |
| R-IL | Mary E. Miller | Original | Jan 3, 2025 |
| R-TX | Michael Cloud | Original | Jan 3, 2025 |
| R-IL | Mike Bost | Original | Jan 3, 2025 |
| R-GA | Mike Collins | Original | Jan 3, 2025 |
| R-SC | Nancy Mace | Original | Jan 3, 2025 |
| R-AZ | Paul A. Gosar | Original | Jan 3, 2025 |
| R-SC | Ralph Norman | Original | Jan 3, 2025 |
| R-TX | Randy K. Weber, Sr. | Original | Jan 3, 2025 |
| R-GA | Richard McCormick | Original | Jan 3, 2025 |
| R-KS | Ron Estes | Original | Jan 3, 2025 |
| R-PA | Scott Perry | Original | Jan 3, 2025 |
| R-TN | Tim Burchett | Original | Jan 3, 2025 |
| R-CA | Tom McClintock | Original | Jan 3, 2025 |
| R-IN | Victoria Spartz | Original | Jan 3, 2025 |
| R-FL | W. Gregory Steube | Original | Jan 3, 2025 |
| R-OH | Warren Davidson | Original | Jan 3, 2025 |
| R-KY | Brett Guthrie | Jan 9, 2025 | |
| R-FL | Gus M. Bilirakis | Jan 9, 2025 | |
| R-TN | Mark E. Green | Jan 9, 2025 | |
| R-MD | Andy Harris | Jan 15, 2025 | |
| R-WI | Tony Wied | Jan 21, 2025 | |
| R-AZ | Abraham J. Hamadeh | Jan 23, 2025 | |
| R-OH | Michael A. Rulli | Jan 31, 2025 | |
| R-SC | Sheri Biggs | Feb 12, 2025 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Oversight and Government Reform Committee | Referred Jan 3, 2025 |
Actions 2
Everything that happened, newest first.
- Jan 3, 2025Introduced in House
- Jan 3, 2025Referred to the House Committee on Oversight and Government Reform.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 171, no. 1, January 3, 2025, page H36.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 119-473 | FEES ROLLED ON ALL SUMMER LONG: EXAMINING THE LIVE ENTERTAINMENT INDUSTRY86 pages | Commerce, Science, and Transportation Committee | Jan 28, 2026 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2327 | Federal Reserve Transparency Act of 2025 | Related bill | Dec 11, 2025 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States, and for other purposes.
- Short Title(s) as Introduced
- Federal Reserve Transparency Act of 2025
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jan 3, 2025Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
