H.R. 24 explained · 119th Congress · Pending in Congress
Federal Reserve Transparency Act of 2025
Cosponsors: 46 (0 D, 46 R) · per Congress.gov, 2026-10-12
Introduced: 2025-01-03
Latest action (2025-01-03): Referred to the House Committee on Oversight and Government Reform.
What H.R. 24 does, in plain terms
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.
Official summary by the Congressional Research Service, via Congress.gov.
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