Bill > HR2559

This bill, the Gold Reserve Transparency Act of 2019, directs the Government Accountability Office (GAO) to conduct a full assay, inventory, and audit of all gold reserves of the United States, including any gold in deep storage, every five years. The bill requires the GAO to analyze the physical security measures, provide a full accounting of any encumbrances or transactions related to the gold reserves over the past 15 years, and report on all gold in which the U.S. government has a direct or indirect interest, including gold held by third parties. The bill also grants the GAO full access to any facility where the gold reserves are kept and requires the Treasury Department and other federal agencies to provide all relevant information without redaction to the GAO for the purposes of carrying out the audit.