Gold Reserve Transparency Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3795 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3795 To provide for the first true audit of gold owned by the United States in more than 65 years and to conduct subsequent audits every 5 years. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 6, 2025 Mr. Massie (for himself, Mr. Davidson, Mr. McDowell, and Mr. Nehls) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To provide for the first true audit of gold owned by the United States in more than 65 years and to conduct subsequent audits every 5 years. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Gold Reserve Transparency Act of 2025''. SEC. 2. ASSAY, INVENTORY, AND AUDIT OF GOLD RESERVES. (a) In General.--The Comptroller General of the United States shall contract with a qualified, independent, third-party, external auditor to conduct and complete, not later than nine months after the date of enactment of this Act, and every 5 years thereafter-- (1) a full assay, inventory, and audit of all gold reserves, including any gold in ``deep storage'', of the United States at the place or places where such reserves are kept; (2) an analysis of the sufficiency of the measures taken to ensure the physical security of such reserves; (3) a full accounting of any and all encumbrances, including those due to lease, swap, or similar transactions presently in existence or entered into at any time during the past 50 years with respect to the gold reserves; (4) a full accounting of any and all sales, purchases, disbursements, or receipts at any time during the past 50 years--whether directly or indirectly undertaken--with respec