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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.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2843
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2025-09-17
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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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.

CATEGORIES

Economy Public Investments