The Gold Reserve Transparency Act of 2025 requires the Comptroller General to hire an independent auditor to conduct a comprehensive audit of all U.S. gold reserves within nine months of the bill's enactment, with follow-up audits every five years. The audit will examine the gold's quantity and purity, assess physical security measures, and review all gold transactions and encumbrances from the past 50 years, including any gold held by the Federal Reserve, IMF, Bank for International Settlements, or other entities. The Comptroller General must submit detailed reports to Congress and the Treasury Department and publish them publicly online, with redactions permitted only for sensitive security details. Additionally, the Treasury Department has five years to upgrade U.S. gold reserves to meet current international market standards for weight and purity, using U.S.-based refiners and logistics firms. The bill grants auditors and the Comptroller General broad access to government facilities and records, including subpoena authority, to ensure complete transparency of America's gold holdings.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.