Legislative Activity
Track Gary's sponsored bills, co-sponsored legislation, and voting record
The Federal Reserve Transparency Act of 2025 mandates a comprehensive audit of the Federal Reserve System by the Comptroller General, ensuring greater transparency and accountability. This act requires a detailed report to Congress with findings and recommendations, while also repealing audit limitations.
Thomas Massie
Representative
KY
Thomas Massie
Representative
KY
The Federal Reserve Transparency Act of 2025 mandates a comprehensive audit of the Federal Reserve System by the Comptroller General within one year. Following the audit, a detailed report must be submitted to Congress, including findings and recommendations. This act aims to increase transparency and accountability within the Federal Reserve System by repealing audit limitations.
The "Regulations from the Executive in Need of Scrutiny Act of 2025" or the "REINS Act of 2025" increases Congressional oversight of federal regulations by requiring Congressional approval for major rules with significant economic impacts, while also mandating more transparency and analysis from agencies. It also directs the Comptroller General to study the number and cost of rules in effect.
Katherine Cammack
Representative
FL
Katherine Cammack
Representative
FL
The Regulations from the Executive in Need of Scrutiny (REINS) Act of 2025 aims to increase Congressional oversight of federal regulations by requiring Congressional approval for any "major rule" (defined as having an economic impact of at least $100 million) before it can take effect. The Act also mandates federal agencies to publish detailed information supporting a rule and requires the Comptroller General to report on each major rule. It also directs the Comptroller General to study and determine the number of rules in effect, the number of major rules in effect, and the total estimated economic cost of all these rules and submit a report to Congress with the study's findings within one year of the Act's enactment.