H.R.3795 - Gold Reserve Transparency Act of 2025 (119th Congress)
Summary
H.R.3795, the Gold Reserve Transparency Act of 2025, mandates a comprehensive audit of U.S. gold reserves. This audit, to be conducted by an independent third party, will include a physical inventory, security analysis, and accounting of all transactions related to the gold reserves over the past 50 years. Subsequent audits are to be performed every five years, with reports made available to Congress, the Secretary of the Treasury, and the public.
Expected Effects
The Act aims to increase transparency and accountability regarding the management of U.S. gold reserves. It will provide a clearer picture of the nation's gold holdings and any related financial transactions. This could potentially influence public confidence in the government's handling of assets and monetary policy.
Potential Benefits
- Increased transparency in government operations.
- Improved accountability of government officials managing gold reserves.
- Potential discovery of mismanagement or irregularities in gold transactions.
- Enhanced public trust in the integrity of the U.S. financial system.
- Provides regular audits to ensure ongoing compliance and transparency.
Potential Disadvantages
- The cost of conducting the audits could be significant.
- The audit process may reveal sensitive financial information.
- Potential for political disputes over the interpretation of audit findings.
- The act may create unnecessary bureaucracy.
- The act may not have a significant impact if no issues are found.
Constitutional Alignment
The Act aligns with the Constitution's emphasis on transparency and accountability in government. While the Constitution does not explicitly mention gold reserves, Article I, Section 9 requires regular statements and accounts of the receipts and expenditures of all public money. This act supports that principle by ensuring public access to information regarding a significant national asset.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).