arrow_back Back to App

Limiting Federal Reserve Investments and Increasing Financial Transparency.

This law imposes strict limits on the assets the Federal Reserve can purchase, banning the acquisition of mortgage-backed securities and long-term Treasury bonds. It also requires the Fed to report annually to Congress on how its actions affect the middle class and small business credit availability. These changes aim to increase transparency and restrict the Fed's intervention in financial markets.
Key points
The Federal Reserve is prohibited from purchasing mortgage-backed securities (MBS) or Treasury bonds with a maturity longer than three years.
The Fed must use standard accounting rules (GAAP) and market valuations, making its financial health easier for the public and Congress to assess.
New annual reports are required detailing the impact of Fed policies on the financial health of the middle class and small business lending.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_2409
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2023-07-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

ROI of the Federal Reserve Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_2409.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-07-20.

What are the main provisions?

Key points include:

  • The Federal Reserve is prohibited from purchasing mortgage-backed securities (MBS) or Treasury bonds with a maturity longer than three years.
  • The Fed must use standard accounting rules (GAAP) and market valuations, making its financial health easier for the public and Congress to assess.
  • New annual reports are required detailing the impact of Fed policies on the financial health of the middle class and small business lending.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Scott, Rick [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Public Investments