Federal Reserve Transparency Act of 2025

The Federal Reserve Transparency Act of 2025 would direct the Government Accountability Office (GAO), Congress's independent watchdog agency, to conduct a comprehensive audit of the Federal Reserve Board and Federal Reserve banks within one year. This audit would examine the Federal Reserve's financial records and operations to provide greater transparency into how the central banking system manages public funds.

If enacted, the bill would also expand the scope of what the GAO could audit at the Federal Reserve, potentially including international financial transactions, monetary policy decisions and deliberations, transactions directed by the Federal Open Market Committee, and communications among Federal Reserve officials about these matters. Currently, the GAO has limitations on its ability to audit certain Federal Reserve activities. For everyday citizens, this bill could result in more public information about how the Federal Reserve conducts its operations, though the practical impact would depend on what the audit reveals and how that information is used by Congress and the public.