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Federal Reserve Transparency Act of 2025
12/12/2025, 12:03 PM
Summary of Bill S 2327
The bill introduced in the 119th Congress with the designation S. 2327 aims to mandate a comprehensive audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States.
Congressional Summary of S 2327
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.
Read the Full Bill
Current Status of Bill S 2327
Bill S 2327 is currently in the status of Bill Introduced since July 17, 2025. Bill S 2327 was introduced during Congress 119 and was introduced to the Senate on July 17, 2025. Bill S 2327's most recent activity was Committee on Homeland Security and Governmental Affairs. Hearings held. as of December 11, 2025
Bipartisan Support of Bill S 2327
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
6Democrat Cosponsors
0Republican Cosponsors
6Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2327
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill S 2327
A bill 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.
A bill 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.
Comments
Sponsors and Cosponsors of S 2327
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