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New Bill Aims to Audit U.S. Gold Reserves

6/9/2025

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Summary

Story summary

Republican lawmakers, spearheaded by Rep. Thomas Massie, have unveiled the Gold Reserve Transparency Act, a groundbreaking initiative to audit the U.S. gold reserves for the first time since the 1950s. This bill seeks to conduct a thorough inventory and reveal transactions spanning five decades, striving to rekindle public trust in the nation’s substantial gold holdings of around 261 million troy ounces.

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Story summary

Republican lawmakers, spearheaded by Rep. Thomas Massie, have unveiled the Gold Reserve Transparency Act, a groundbreaking initiative to audit the U.S. gold reserves for the first time since the 1950s. This bill seeks to conduct a thorough inventory and reveal transactions spanning five decades, striving to rekindle public trust in the nation’s substantial gold holdings of around 261 million troy ounces.