Gold Reserve Transparency Act of 2025
Sponsored By: Representative Rep. Massie, Thomas [R-KY-4]
Introduced
Summary
Full, public audits of U.S. gold reserves. This bill would require an independent, third-party assay and inventory of every U.S. gold holding, including deep storage, within nine months and then every five years.
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- Congress and the public would get timely, full reports: the Comptroller General must deliver results and source materials within three months of each audit and post them online with only security-sensitive details withheld.
- The Secretary of the Treasury, the Board of Governors of the Federal Reserve System, and other federal agencies must provide the Comptroller General unredacted books, records, and communications needed for the audit.
- The Comptroller General would contract an external auditor and have subpoena power to access any depository or records, and the audit must include a full accounting of encumbrances, transactions, and any U.S. interests in gold going back 50 years, including holdings at entities like the IMF or the Bank for International Settlements.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Public audit of U.S. gold reserves
If enacted, the Comptroller General would hire an independent auditor to assay, inventory, and audit all U.S. gold within 9 months and then every 5 years. The review would check physical security and look back 50 years at sales, leases, swaps, and other deals, including gold held with groups like the IMF or BIS. The Comptroller General and the auditor would have subpoena power to enter vaults and get records, and agencies, including Treasury and the Federal Reserve, would have to share all records. A public report would be due within 3 months after each audit, posted online with source files, with only limited redactions for security details.
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Sponsors & CoSponsors
Sponsor
Rep. Massie, Thomas [R-KY-4]
KY • R
Cosponsors
Davidson
OH • R
Sponsored 6/6/2025
McDowell
NC • R
Sponsored 6/6/2025
Nehls
TX • R
Sponsored 6/6/2025
Rep. Perry, Scott [R-PA-10]
PA • R
Sponsored 6/11/2025
Roll Call Votes
No roll call votes available for this bill.
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