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S. 3490 117th Congress Senate

Federal Reserve Regulatory Oversight Act

Official title: A bill to amend the Federal Reserve Act to bring the non-monetary policy related functions of the Board of Governors of the Federal Reserve System into the app… Show full official titleShow less

Official title: A bill to amend the Federal Reserve Act to bring the non-monetary policy related functions of the Board of Governors of the Federal Reserve System into the appropriations process, and for other purposes.

Introduced: January 12, 2022 Introduced by: Thom Tillis Republican · North Carolina See on congress.gov
Finance and Financial Sector
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 12, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 12, 2022
Introduced in Senate
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 Latest action January 12, 2022

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Federal Reserve Regulatory Oversight Act

This bill requires the Board of Governors of the Federal Reserve System and Federal Reserve banks to collect assessments and other fees to offset annual appropriations with respect to nonmonetary policy-related administrative costs to the board. The board and the banks may only incur obligations or allow and pay expenses with respect to nonmonetary policy-related administrative costs pursuant to appropriations.

 Related & companion bills 1
  • HR 6379 Identical bill Federal Reserve Regulatory Oversight Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3490: Federal Reserve Regulatory Oversight Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-3490/
MLA
"S. 3490: Federal Reserve Regulatory Oversight Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3490/.
Bluebook (legal)
S. 3490, 117th Cong. (2026), https://openamerica.io/bill/117-S-3490/.
Markdown link
[S. 3490: Federal Reserve Regulatory Oversight Act](https://openamerica.io/bill/117-S-3490/)
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