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S. 2327: Federal Reserve Transparency Act of 2025

119th Congress · introduced 2025-07-17 · Finance and Financial Sector · Latest: Committee on Homeland Security and Governmental Affairs. Hearings held.

federal

What does this mean?

Official title

Federal Reserve Transparency Act of 2025

Plain 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.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

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What does this mean? (plain words)

Official text

Federal Reserve Transparency Act of 2025

Source: Congressional Research Service summary (Introduced in Senate)

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Officials and money

Sponsor: Sen. Paul, Rand [R-KY] · 6 cosponsors

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Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong119-s2327 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills