Gold Reserve Transparency Act of 2025

Senate Bill

S. 3218

119th Congress

Gold Reserve Transparency Act of 2025

In Committee

Introduced:Nov 19, 2025

Primary Sponsor

Mike Lee

R - UT

Cosponsors

1

Quick Stats

Policy Area

Finance and Financial Sector

Summary

The Gold Reserve Transparency Act mandates the first comprehensive audit of U.S. gold reserves in decades, to be completed within 9 months by an independent third-party auditor. The bill requires full accounting of all encumbrances, transactions over the past 50 years, and gold held by third parties like the IMF, with results made public. It also requires upgrading gold purity to current market standards within 5 years.

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

AI Summary

Plain-English explanation of this bill

The Gold Reserve Transparency Act mandates the first comprehensive audit of U.S. gold reserves in decades, to be completed within 9 months by an independent third-party auditor. The bill requires full accounting of all encumbrances, transactions over the past 50 years, and gold held by third parties like the IMF, with results made public. It also requires upgrading gold purity to current market standards within 5 years.

Last updated: 12/27/2025

Key Points

Main provisions of the bill

Requires independent audit of all U.S. gold reserves within 9 months
Mandates accounting of all encumbrances, leases, and swaps from past 50 years
Includes gold held by third parties like IMF and foreign central banks
Results must be made public with minimal redactions
Gold must be upgraded to meet current purity standards within 5 years

How This Impacts Americans

Potential effects on citizens and communities

The public would gain unprecedented transparency into U.S. gold holdings and any claims against them. The Federal Reserve and Treasury would face new disclosure requirements. U.S. refiners would receive contracts to upgrade gold bar purity to international standards.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3218, 119th Congress (2025). "Gold Reserve Transparency Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/119-s-3218