Bill > HR3795

This bill, known as the Gold Reserve Transparency Act of 2025, mandates a comprehensive audit of the United States' gold reserves for the first time in over 65 years. The Comptroller General is required to hire an independent, third-party auditor to conduct a detailed examination of all U.S. gold reserves within nine months of the act's enactment, and then every five years thereafter. The audit must include a full physical assay and inventory of gold reserves (including "deep storage" gold), an analysis of the reserves' physical security, and a comprehensive accounting of all gold-related transactions and holdings over the past 50 years. This includes documenting any leases, swaps, sales, purchases, and both direct and indirect gold interests held by the U.S. government, including those potentially held by international organizations like the Bank for International Settlements or the International Monetary Fund. Within three months of completing each audit, the Comptroller General must submit a detailed report to Congress and the Treasury Secretary, which must be made publicly available online, with only minimal redactions allowed for sensitive physical security details. The bill grants the Comptroller General full access to all relevant facilities and records, with federal agencies required to provide complete, unredacted documentation to support the audit process.

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https://www.congress.gov/bill/119th-congress/house-bill/3795/all-info