Audit the Federal Reserve, balance the budget, and stop burdening future generations with trillions in IOUs.
Audit the Federal Reserve.
Occurrences
Evidence
Today, Congressman Thomas Massie reintroduced H.R. 24, the Federal Reserve Transparency Act of 2025, also known as “Audit the Fed.” The bill would require the Comptroller General to conduct a full examination of the Board of Governors of the Federal Reserve System and the Federal Reserve Banks.
Sponsor: Rep. Massie, Thomas [R-KY-4] (Introduced 01/03/2025). Latest Action: House - 01/03/2025 Referred to the House Committee on Oversight and Government Reform. Tracker: Tip | This bill has the status Introduced.
Sponsor: Rep. Massie, Thomas [R-KY-4] (Introduced 01/09/2023). Latest Action: House - 01/09/2023 Referred to the House Committee on Oversight and Accountability. Tracker: Tip | This bill has the status Introduced.
The House Oversight and Government Reform Committee has announced it will consider Congressman Thomas Massie’s H.R. 24, the Federal Reserve Transparency Act of 2015, also known as “Audit the Fed,” in a markup session on Tuesday, May 17, 2016. A committee markup ... is the important step between introducing a bill and voting on it on the floor of the House.
Assessments
Massie repeatedly introduced Federal Reserve Transparency Act / Audit the Fed legislation, including H.R. 24 in 2023 and 2025, and earlier versions advanced as far as committee consideration. However, the provided evidence shows the bills were not enacted and the promised outcome, an audit of the Federal Reserve, was not delivered. Because there was a serious legislative attempt without final delivery, this is classified as never with an effort badge.