PRIA Logo™
HR24119th CongressWALLET

Federal Reserve Transparency Act of 2025

Sponsored By: Representative Massie, Thomas [R-KY-4]

Introduced

Summary

Expanded GAO audit authority over the Federal Reserve. This bill would require the Comptroller General to conduct an independent audit of the Board of Governors and Federal Reserve Banks and to report findings and recommendations to Congress.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More Federal Reserve transparency

If enacted, the Comptroller General would have to finish a GAO audit of the Board of Governors and Federal Reserve banks within 12 months, notwithstanding other law. The GAO would have 90 days after the audit to give Congress a written report with findings, conclusions, and any recommendations, and to make it available to leaders and any Member who asks. The bill would remove prior legal limits on GAO audits by striking parts of 31 U.S.C. 714, including subsection (f), and making conforming edits. It would also redefine ‘‘emergency lending facilities’’ to include programs, facilities, and special purpose vehicles set up by the Fed, and broaden what information the GAO may review.

Sponsors & CoSponsors

Sponsor

Massie, Thomas [R-KY-4]

KY • R

Cosponsors

  • Rep. Biggs, Andy [R-AZ-5]

    AZ • R

    Sponsored 1/3/2025

  • Rep. Boebert, Lauren [R-CO-4]

    CO • R

    Sponsored 1/3/2025

  • Rep. Bost, Mike [R-IL-12]

    IL • R

    Sponsored 1/3/2025

  • Brecheen

    OK • R

    Sponsored 1/3/2025

  • Rep. Burchett, Tim [R-TN-2]

    TN • R

    Sponsored 1/3/2025

  • Rep. Burlison, Eric [R-MO-7]

    MO • R

    Sponsored 1/3/2025

  • Rep. Cammack, Kat [R-FL-3]

    FL • R

    Sponsored 1/3/2025

  • Rep. Cline, Ben [R-VA-6]

    VA • R

    Sponsored 1/3/2025

  • Rep. Cloud, Michael [R-TX-27]

    TX • R

    Sponsored 1/3/2025

  • Rep. Collins, Mike [R-GA-10]

    GA • R

    Sponsored 1/3/2025

  • Rep. Crane, Elijah [R-AZ-2]

    AZ • R

    Sponsored 1/3/2025

  • Rep. Crawford, Eric A. "Rick" [R-AR-1]

    AR • R

    Sponsored 1/3/2025

  • Rep. Davidson, Warren [R-OH-8]

    OH • R

    Sponsored 1/3/2025

  • Rep. Estes, Ron [R-KS-4]

    KS • R

    Sponsored 1/3/2025

  • Rep. Finstad, Brad [R-MN-1]

    MN • R

    Sponsored 1/3/2025

  • Rep. Fitzpatrick, Brian K. [R-PA-1]

    PA • R

    Sponsored 1/3/2025

  • Rep. Gosar, Paul A. [R-AZ-9]

    AZ • R

    Sponsored 1/3/2025

  • Greene (GA)

    GA • R

    Sponsored 1/3/2025

  • Rep. Griffith, H. Morgan [R-VA-9]

    VA • R

    Sponsored 1/3/2025

  • Rep. Hageman, Harriet M. [R-WY-At Large]

    WY • R

    Sponsored 1/3/2025

  • Rep. Luna, Anna Paulina [R-FL-13]

    FL • R

    Sponsored 1/3/2025

  • Rep. Mace, Nancy [R-SC-1]

    SC • R

    Sponsored 1/3/2025

  • Rep. McClintock, Tom [R-CA-5]

    CA • R

    Sponsored 1/3/2025

  • Rep. McCormick, Richard [R-GA-7]

    GA • R

    Sponsored 1/3/2025

  • Rep. Miller, Mary E. [R-IL-15]

    IL • R

    Sponsored 1/3/2025

  • Rep. Moolenaar, John R. [R-MI-2]

    MI • R

    Sponsored 1/3/2025

  • Rep. Moore, Barry [R-AL-1]

    AL • R

    Sponsored 1/3/2025

  • Rep. Norman, Ralph [R-SC-5]

    SC • R

    Sponsored 1/3/2025

  • Rep. Ogles, Andrew [R-TN-5]

    TN • R

    Sponsored 1/3/2025

  • Rep. Palmer, Gary J. [R-AL-6]

    AL • R

    Sponsored 1/3/2025

  • Rep. Perry, Scott [R-PA-10]

    PA • R

    Sponsored 1/3/2025

  • Rep. Roy, Chip [R-TX-21]

    TX • R

    Sponsored 1/3/2025

  • Rep. Rutherford, John H. [R-FL-5]

    FL • R

    Sponsored 1/3/2025

  • Rep. Spartz, Victoria [R-IN-5]

    IN • R

    Sponsored 1/3/2025

  • Rep. Steube, W. Gregory [R-FL-17]

    FL • R

    Sponsored 1/3/2025

  • Rep. Tenney, Claudia [R-NY-24]

    NY • R

    Sponsored 1/3/2025

  • Rep. Weber, Randy K. Sr. [R-TX-14]

    TX • R

    Sponsored 1/3/2025

  • Rep. Webster, Daniel [R-FL-11]

    FL • R

    Sponsored 1/3/2025

  • Rep. Bilirakis, Gus M. [R-FL-12]

    FL • R

    Sponsored 1/9/2025

  • Green (TN)

    TN • R

    Sponsored 1/9/2025

  • Rep. Guthrie, Brett [R-KY-2]

    KY • R

    Sponsored 1/9/2025

  • Rep. Harris, Andy [R-MD-1]

    MD • R

    Sponsored 1/15/2025

  • Rep. Wied, Tony [R-WI-8]

    WI • R

    Sponsored 1/21/2025

  • Rep. Hamadeh, Abraham J. [R-AZ-8]

    AZ • R

    Sponsored 1/23/2025

  • Rep. Rulli, Michael A. [R-OH-6]

    OH • R

    Sponsored 1/31/2025

  • Rep. Biggs, Sheri [R-SC-3]

    SC • R

    Sponsored 2/12/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation