,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #beei  ,,in ,,the ,,house ,,of  
,,representatives  ,may #g1 #bjai,mr4   
,mooney of ,west ,virginia introduced   
the following bill2 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 #fe    
years1 and subsequent audits every #e   
years4  #a4 ,short title ,this ,act may 
be cited as the ,gold ,reserve          
,transparency ,act of #bjai4  #b4       
,assay1 inventory1 and audit of gold    
reserves  7a7 ,,gao assay1 inventory1   
and audit ,the ,comptroller ,general of 
the ,united ,states shall conduct and   
complete1 not later than nine months    
after the date of enactment of this     
,act1 and every #e years thereafter--   
7#a7 a full assay1 inventory1 and audit 
of all gold reserves1 including any gold
 in deep storage1 of the ,united ,states
 at the place or places where such      
reserves are kept2  7#b7 an analysis of 

the sufficiency of the measures taken to
 ensure the physical security of such   
reserves2  7#c7 a full accounting of any
 and all encumbrances1 including those  
due to lease1 swap1 or similar          
transactions presently in existence or  
entered into at any time during the past
 #ae years with respect to the gold     
reserves2  7#d7 a full accounting of any
 and all sales1 purchases1              
disbursements1 or receipts at any time  
during the past #ae years--whether      
directly or indirectly undertaken--with 
respect to the gold reserves1 including 
the specific terms and parties involved 
in such transactions2 and  7#e7 a full  
accounting of all gold in which the     
,u4,s4 ,government 7including the ,board
 of ,governors of the ,federal ,reserve 
,system or any other ,federal agency7   
presently has a direct or indirect      
interest1 including gold that may be    
held by third parties1 including1 for   
example1 the ,bank for ,international   
,settlements1 the ,international        

,monetary ,fund1 the ,exchange          
,stabilization ,fund1 any foreign       
central bank1 or any other party1 public
 or private4  7b7 ,report ,not later    
than #ab months after the date of       
enactment of this ,act1 the ,comptroller
 ,general shall issue a report to the   
,congress containing all results1       
findings1 and determinations made in    
carrying out the assay1 inventory1      
audit1 analysis1 and accounting required
 under subsection 7a71 and promptly make
 such report 7together with copies of   
all source materials relied upon7       
available to the public on the internet4
 ,no redactions shall be permitted      
except with respect to underlying       
details contained in the analysis       
completed under subsection 7a77#b7 above
 dealing only with physical security4   
7c7 ,,gao access ,for purposes of       
carrying out this ,act1 the ,comptroller
 ,general shall have full access        
7enforceable by subpoena authority7 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 ,act4  
7d7 ,information made available by      
,treasury ,the ,secretary of the        
,treasury 7and all other ,federal       
agencies1 including the ,board of       
,governors of the ,federal ,reserve     
,system7 shall make available1 without  
any redactions1 to the ,comptroller     
,general1 for purposes of carrying out  
this ,act1 all books1 accounts1 records1
 reports1 files1 correspondence1        
memoranda1 papers1 or any other         
document1 tape1 or written1 audio1 or   
digital record pertaining to the assay1 
inventory1 audit1 analysis1 and         
accounting required under subsection    
7a71 as determined by the ,comptroller  
,general4