H.R. 3795: Gold Reserve Transparency Act of 2025

This bill, titled the Gold Reserve Transparency Act of 2025, aims to establish a comprehensive audit process for the gold reserves owned by the United States. Here are the key aspects of the legislation:

Objective

The primary goal of the bill is to provide a thorough assessment of the gold reserves held by the U.S. government, a process that has not been conducted in over 65 years. The audits will be repeated every five years following the initial audit.

Independent Auditing

The bill mandates that the Comptroller General of the United States hire an independent third-party auditor to perform these audits. The auditor is expected to:

• Conduct a full assay (a detailed analysis of the contents) of all gold reserves.
• Inventory the exact amount and location of the gold reserves, including any that may be in "deep storage."
• Analyze the safety measures in place to protect these gold reserves.
• Account for any financial arrangements related to the gold, such as leases or swaps, executed over the past 50 years.
• Provide a detailed record of all transactions (sales, purchases, disbursements, receipts) involving the gold reserves within the same timeframe.
• Document any gold interests that the U.S. government has with third parties, such as foreign central banks or international financial institutions.

Reporting Requirements

After each audit, the Comptroller General must produce a report summarizing the findings. This report should be delivered to Congress and the Secretary of the Treasury within three months post-audit completion. Moreover, the report, along with supporting materials, will be made publicly available online. The only exceptions to public disclosure relate solely to sensitive details concerning physical security.

Access and Cooperation

The bill grants the Comptroller General and the contracted external auditor full access to all necessary facilities and records related to the gold reserves. This access can be enforced through subpoena authority, allowing them to ensure transparency and compliance during the auditing process.

Federal Cooperation

All federal entities, including the Department of the Treasury and the Federal Reserve, are required to provide unredacted documents and records pertinent to the audit. This obligation aims to facilitate a thorough evaluation of the gold reserves as required by the bill.

Relevant Companies

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