I 
117TH CONGRESS 
1ST SESSION H. R. 3526 
To provide for the first true audit of gold owned by the United States 
in more than 65 years, and subsequent audits every 5 years. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 25, 2021 
Mr. MOONEY introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To provide for the first true audit of gold owned by the 
United States in more than 65 years, and subsequent 
audits every 5 years. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Gold Reserve Trans-
parency Act of 2021’’. 
SEC. 2. ASSAY, INVENTORY, AND AUDIT OF GOLD RE-
SERVES. 
(a) GAO ASSAY, INVENTORY, AND AUDIT.—The 
Comptroller General of the United States shall conduct 
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and complete, not later than nine months after the date 
of enactment of this Act, and every 5 years thereafter— 
(1) a full assay, inventory, and audit of all gold 
reserves, including any gold in ‘‘deep storage’’, of 
the United States at the place or places where such 
reserves are kept; 
(2) an analysis of the sufficiency of the meas-
ures taken to ensure the physical security of such re-
serves; 
(3) a full accounting of any and all encum-
brances, including those due to lease, swap, or simi-
lar transactions presently in existence or entered 
into at any time during the past 15 years with re-
spect to the gold reserves; 
(4) a full accounting of any and all sales, pur-
chases, disbursements, or receipts at any time dur-
ing the past 15 years—whether directly or indirectly 
undertaken—with respect to the gold reserves, in-
cluding the specific terms and parties involved in 
such transactions; and 
(5) a full accounting of all gold in which the 
U.S. Government (including the Board of Governors 
of the Federal Reserve System or any other Federal 
agency) presently has a direct or indirect interest, 
including gold that may be held by third parties, in-
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cluding, for example, the Bank for International Set-
tlements, the International Monetary Fund, the Ex-
change Stabilization Fund, any foreign central bank, 
or any other party, public or private. 
(b) REPORTS.—Not later than 3 months after the 
completion of each assay, inventory, and audit required 
under subsection (a), the Comptroller General shall issue 
a report to the Congress containing all results, findings, 
and determinations made in carrying out the assay, inven-
tory, audit, analysis, and accounting and shall promptly 
make such report (together with copies of all source mate-
rials relied upon) available to the public on the internet. 
No redactions shall be permitted except with respect to 
underlying details contained in the analysis completed 
under subsection (a)(2) above dealing only with physical 
security. 
(c) GAO ACCESS.—For purposes of carrying out this 
Act, the Comptroller General shall have full access (en-
forceable by subpoena authority) to any depository or 
other public or private facility where such reserves are 
kept or where any records are kept that are necessary to 
carry out this Act. 
(d) INFORMATION MADE AVAILABLE
BY TREAS-
URY.—The Secretary of the Treasury (and all other Fed-
eral agencies, including the Board of Governors of the 
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Federal Reserve System) shall make available, without any 
redactions, to the Comptroller General, for purposes of 
carrying out this Act, all books, accounts, records, reports, 
files, correspondence, memoranda, papers, or any other 
document, tape, or written, audio, or digital record per-
taining to the assay, inventory, audit, analysis, and ac-
counting required under subsection (a), as determined by 
the Comptroller General. 
Æ 
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