Multiple U.S. lawmakers have recently introduced significant legislation aimed at increasing transparency and reforming financial practices within Congress. Representative Thomas Massie has introduced H.R. 24, the Federal Reserve Transparency Act of 2025, which seeks to enhance insight into the Federal Reserve's operations. Concurrently, bipartisan efforts are underway to address stock trading among Congress members. Representatives Chip Roy and Seth Magaziner are set to unveil a congressional stock trading bill next week. Additionally, Representatives Brian Fitzpatrick, Alexandria Ocasio-Cortez, and Cory Mills have introduced the Bipartisan Restoring Faith in Government Act (H.R. 253), which aims to prohibit members of Congress, their spouses, and dependents from owning or trading individual stocks. Representative Buddy Carter has also proposed legislation to abolish the income tax and the IRS, suggesting that the government be funded through taxes on illegal immigrants. These legislative efforts reflect ongoing discussions about transparency and ethical practices in government.