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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. 

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
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
6
Democrat Cosponsors
0
Republican Cosponsors
6
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 2327

Primary Policy Focus

Finance and Financial Sector

Alternate 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.

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