S. 2327 · Where this bill is now
In committee
Introduced in the Senate, Jul 17, 2025
What this bill does
In plain words · AI-written from the official summaryRequires comprehensive audit of the Federal Reserve
This bill directs the Government Accountability Office, which is Congress's independent watchdog agency, to audit the Federal Reserve Board and all Federal Reserve banks within 12 months. The audit would be allowed to cover international financial transactions, decisions about monetary policy (how the Federal Reserve manages money supply and interest rates), transactions ordered by the Federal Open Market Committee, and communications among Federal Reserve officials about these matters.
How it affects you
Most people won't directly notice changes in their daily lives, but this could matter to you if you care about how the Federal Reserve operates and makes decisions that affect the economy, interest rates, and lending. The audit would make more information publicly available about how the Federal Reserve conducts its business, which some believe is important for accountability and others see as useful for understanding economic policy.
Read the official summary (Introduced in Senate, Jul 17, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionS. 2327
A BILL
Federal Reserve Transparency Act of 2025
Sponsor: Sen. Rand Paul (R-KY) · Introduced Jul 17, 2025 · Finance and Financial Sector · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Dec 11, 2025: “Committee on Homeland Security and Governmental Affairs. Hearings held.”