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Congressional Approval for Federal Reserve Major Expenditures

This act requires congressional approval for Federal Reserve capital expenditures exceeding $100 million. Citizens may experience increased transparency and oversight regarding how the Federal Reserve spends public funds, potentially impacting economic stability and trust in financial institutions.
Key points
The Federal Reserve must seek congressional approval for expenditures over $100 million.
Congress will have 60 days to disapprove proposed Federal Reserve expenditures.
Expedited congressional procedures will be implemented for reviewing expenditure requests, ensuring quick decisions.
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Status: Introduced
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Additional Information
Print number: 119_S_2843
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2025-09-17
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

FRAME Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2843.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-09-17.

What are the main provisions?

Key points include:

  • The Federal Reserve must seek congressional approval for expenditures over $100 million.
  • Congress will have 60 days to disapprove proposed Federal Reserve expenditures.
  • Expedited congressional procedures will be implemented for reviewing expenditure requests, ensuring quick decisions.
What is the specific legal status?

The current status is Introduced.

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 2025-12-23.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Public Investments