U.S. lawmakers have introduced the "Gold Reserve Transparency Act" requiring a comprehensive audit of U.S. gold assets.

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On June 6, Congressman Thomas Massie led a proposal with Troy Nehls, Addison McDowell, and Warren Davidson for the “Gold Reserve Transparency Act” (H.R. 3795), which calls for a comprehensive audit of the U.S. gold reserves. The bill will require a thorough assay, inventory, and audit of all U.S. gold holdings, and make public all transactions involving U.S. gold over the past 50 years, including purchases, sales, loans, stakes, leases, swaps, and other collateral activities.

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