The gist

Requires an independent audit of all U.S. gold reserves (like Fort Knox) within 9 months, repeated every 5 years, with results posted publicly online.

Who wins, who loses

• Wins: taxpayers, transparency advocates, gold-standard supporters who have long demanded a full Fort Knox audit.
• Loses: Treasury and Federal Reserve officials facing scrutiny over decades of unverified gold holdings and secret transactions.

What it does

• Government Accountability Office (GAO) hires an outside auditor to assay, count, and inspect every U.S. gold bar within 9 months.
• Requires 50-year accounting of all gold leases, swaps, sales, and purchases, including parties involved.
• Gives auditors subpoena power over any depository; bans redactions except for physical security details.
• Treasury must upgrade gold bars to global market purity standards within 5 years.

Why should I care?

Supporters say Americans deserve to know if the $500+ billion in gold actually exists and isn't secretly leased out. Critics argue the gold has been spot-checked for years and a full audit wastes money on a non-issue. The outcome shapes trust in U.S. financial reserves. Where do you land? Vote below and use "Tell Your Rep" to make sure your voice reaches Congress.