S. 2411 · 118th Congress
Rein in the Federal Reserve Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
ScottSponsorNo cosponsors.
This bill requires regular reports from the Federal Reserve Board upon the initiation of a quantitative easing or tightening program or an emergency lending program. Further, without congressional authorization, the board must end the operation of any such program after a year. Congress is also authorized to disapprove of any such program.
What it does: CRS summary · Introduced in Senate · Jul 20, 2023
Rein in the Federal Reserve Act
This bill requires regular reports from the Federal Reserve Board upon the initiation of a quantitative easing or tightening program or an emergency lending program. Further, without congressional authorization, the board must end the operation of any such program after a year. Congress is also authorized to disapprove of any such program.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Rein in the Federal Reserve Act
Latest action (Jul 20, 2023): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Jul 20, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.