,,ii  #aai? ,,congress  #a/ ,session    
,s4 #cbah  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #ai1 #bjbe,mr4
 ,lee introduc$ ! foll[+ bill2 :i* 0    
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to provide = ! fir/ cr$ible    
audit ( gold own$ by ! ,unit$ ,/ates 9  
decades1 to upgrade ! purity ( gold to  
meet global m>ket /&>ds1 & to conduct   
subsequ5t audits e #e ye>s4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,gold   
,res]ve ,transp>5cy ,act ( #bjbe4  #b4  
,assay1 inv5tory1 & audit ( gold res]ves
  7a7 ,9 g5]al ,! ,comptroll] ,g5]al ( !
 ,unit$ ,/ates %all contract ) a        
qualifi$1 indep5d5t1 ?ird-p>ty1 ext]nal 
auditor to conduct & complete1 n lat]   
?an #i mon?s aft] ! date ( enactm5t (   
?is ,act1 & e #e ye>s !reaft]-- 7#a7 a  
full assay1 inv5tory1 & audit ( all gold
 res]ves1 includ+ any gold 9 deep       
/orage1 ( ! ,unit$ ,/ates at ! place or 
places :]e su* res]ves are kept2  7#b7  
an analysis ( ! suffici5cy ( ! measures 

tak5 to ensure ! physical security ( su*
 res]ves2  7#c7 a full acc\nt+ ( any &  
all encumbrances1 includ+ ^? due to     
lease1 swap1 or simil> transactions     
pres5tly 9 exi/5ce or ent]$ into at any 
"t dur+ ! pa/ #ej ye>s ) respect to !   
gold res]ves2  7#d7 a full acc\nt+ ( any
 & all sales1 pur*ases1 disbursem5ts1 or
 receipts at any "t dur+ ! pa/ #ej ye>s1
 :e!r directly or indirectly und]tak51 )
 respect to ! gold res]ves1 includ+ !   
specific t]ms & p>ties involv$ 9 su*    
transactions2 &  7#e7 a full acc\nt+ (  
all gold 9 :i* ! ,unit$ ,/ates ,gov]nm5t
 7includ+ ! ,bo>d ( ,gov]nors ( ! ,f$]al
 ,res]ve ,sy/em or any o!r ,f$]al ag5cy7
 has1 z ( ! date ( enactm5t ( ?is ,act1 
a direct or indirect int]e/1 includ+    
gold t may be held by ?ird p>ties su* z 
! ,bank = ,int]national ,settlem5ts1 !  
,int]national ,monet>y ,fund1 ! ,ex*ange
 ,/abilization ,fund1 any =eign c5tral  
bank1 or any o!r p>ty1 public or        
private4  7b7 ,report  7#a7 ,9 g5]al ,n 
lat] ?an #c mon?s aft] ! completion (   

ea* assay1 inv5tory1 audit1 analysis1 & 
acc\nt+ requir$ "u subsection 7a71 !    
,comptroll] ,g5]al %all submit to a     
,congress & ! ,secret>y ( ! ,treasury a 
report conta9+ all results1 f9d+s1 &    
det]m9ations made 9 c>ry+ out ! assay1  
inv5tory1 audit1 analysis1 & acc\nt+1 & 
promptly make su* report 7toge!r )      
copies ( all s\rce mat]ials reli$ ^u7   
available to ! public on ! int]net4     
7#b7 ,r$actions ,no r$actions %all be   
p]mitt$ except ) respect to und]ly+     
details conta9$ 9 ! analysis complet$ "u
 subsection 7a77#b7 deal+ only )        
physical security4  7c7 ,,gao access ,= 
purposes ( c>ry+ out ?is ,act1 !        
,comptroll] ,g5]al1 & any ext]nal       
auditor contract+ ) ! ,comptroll] ,g5]al
 "u subsection 7a71 %all h full access  
7en=ceable by ! ,comptroll] ,g5]al by   
subpo5a au?ority7 to any depository or  
o!r public or private facility :]e su*  
res]ves are kept or :]e any records are 
kept t are necess>y to c>ry out ?is     
,act4  7d7 ,in=mation made available by 

,treasury ,! ,secret>y ( ! ,treasury 7& 
all o!r ,f$]al ag5cies1 includ+ ! ,bo>d 
( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em7  
%all make available1 )\t any r$actions1 
to ! ,comptroll] ,g5]al1 = purposes (   
c>ry+ out ?is ,act1 all books1 acc\nts1 
records1 reports1 files1 correspond5ce1 
memor&a1 pap]s1 or any o!r docum5t1     
tape1 or writt51 audio1 or digital      
record p]ta9+ to ! assay1 inv5tory1     
audit1 analysis1 & acc\nt+ requir$ "u   
subsection 7a71 z det]m9$ by !          
,comptroll] ,g5]al4  #c4 ,upgrad+ ( gold
 res]ves to curr5t good deliv]y /&>ds   
7a7 ,upgrade ,n lat] ?an #e ye>s aft] ! 
date ( enactm5t ( ?is ,act1 ! ,secret>y 
( ! ,treasury %all upgrade ! quality ( !
 gold res]ves to ensure ! res]ves comply
 ) good deliv]y /&>ds e/abli%$ by !     
m>ketplace1 z ( ! date ( enactm5t ( ?is 
,act1 includ+ compliance ) expect$      
weight & purity /&>ds = gold b>s4  7b7  
,contract+ au?ority ,! ,treasury %all1 z
 necess>y1 contract ) qualifi$ ref9]s & 
secure logi/ics firms locat$ )9 ! ,unit$

 ,/ates to meet ! requirem5ts ( ?is     
section4