A bill to provide for the first credible audit of gold owned by the United States in decades, to upgrade the purity of gold to meet global market standards, and to conduct subsequent audits every 5 years.

Bill ID: 119/s/3218
Last Updated: November 19, 2025

Sponsored by

Sen. Lee, Mike [R-UT]

ID: L000577

Follow the money

The bill

A bill to provide for the first credible audit of gold owned by the United States in decades, to upgrade the purity of gold to meet global market standards, and to conduct subsequent audits every 5 years.

S. 3218, 119th Congress β€” read as touching Commercial Banks.

The sponsor

Sen. Lee, Mike [R-UT]

Every bill has someone who introduced it. That name is where the paper trail starts.

The money

$179,700 raised

20 itemised contributions to this sponsor, pulled from FEC filings.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

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Introduced

πŸ“ Current Status

Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.

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Committee Review

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Floor Action

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Passed Senate

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House Review

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Passed Congress

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Presidential Action

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Became Law

πŸ“š How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

No summary available

πŸ’° Campaign Finance Network

Sen. Lee, Mike [R-UT]

Congress 119 β€’ 2024 Election Cycle

Total Contributions
$179,700
17 donors
PACs
$0
Organizations
$0
Committees
$0
Individuals
$179,700

No PAC contributions found

No organization contributions found

No committee contributions found

1
METZGER, WILLIAM
2 transactions
$17,400
2
RICHARDSON, CHERYL
2 transactions
$17,400
3
DONADIO, RICHARD
2 transactions
$17,400
4
MACRICOSTAS, GEORGE
1 transaction
$13,200
5
PFAUTCH, ROY
1 transaction
$9,900
6
NICOLAISEN, JAMES E
1 transaction
$8,700
7
S., TINA
1 transaction
$8,700
8
DE CARLI, JAMES
1 transaction
$8,700
9
EDWARDS, ZELLA
1 transaction
$8,700
10
ZALL, MARGIE
1 transaction
$8,700
11
PLEW, JEAN
1 transaction
$8,700
12
JONES, MELBERTA
1 transaction
$8,700
13
YAVELAK, MARY
1 transaction
$8,700
14
BARNHILL, JANIS
1 transaction
$8,700
15
SCULLY, JOSEPH
1 transaction
$8,700
16
DOWNING, DORRIS
1 transaction
$8,700
17
DIDGET, LAUREL
1 transaction
$8,700

Donor Network - Sen. Lee, Mike [R-UT]

PACs
Organizations
Individuals
Politicians

Hub layout: Politicians in center, donors arranged by type in rings around them.

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Showing 36 nodes and 20 connections (53 secondary connections hidden)

Total contributions: $179,700

Top Donors - Sen. Lee, Mike [R-UT]

Showing top 17 donors by contribution amount

17 Individuals

Industry Impact

Which industries are materially affected by specific provisions in this bill. 2 harmed.

  • βˆ’Commercial Banksconfidence 0.80

    Section 2(a)(5) requires a full accounting of all gold in which the United States Government has a direct or indirect interest, including gold held by the Federal Reserve System, which may impose additional regulatory or reporting requirements on commercial banks.

  • Section 2(a)(3) requires a full accounting of any encumbrances, including those due to lease, swap, or similar transactions, which may affect private equity and hedge funds involved in such transactions.

Who funds the sponsor on these industries

For each industry this bill affects, here's what the sponsor (Sen. Lee, Mike [R-UT])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent β€” they are a record of who funds the people writing the law.

Industries this bill HARMS

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