S 2327

Summary

Federal Reserve Transparency Act of 2025 This bill directs the Government Accountability Office (GAO) to complete an audit of the Federal Reserve Board and Federal Reserve banks not later than 12 months after enactment. 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. 

Bill status

Status

In committee

Sponsor

Sen. Rand Paul [R-KY]

Cosponsors

6

Policy area

Finance and Financial Sector

Introduced

2025-07-17

Latest action

2025-12-11: Committee on Homeland Security and Governmental Affairs. Hearings held.

Committee referrals

• Homeland Security and Governmental Affairs Committee: Senate · Hearings By (full committee) · 2025-12-11
• Banking, Housing, and Urban Affairs Committee: Senate · Referred To · 2025-07-17

Recent actions

• 2025-12-11: Committee on Homeland Security and Governmental Affairs. Hearings held.
• 2025-07-17: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
• 2025-07-17: Introduced in Senate