S 2411
118th Congress
Senate
Finance and Financial Sector
Rein in the Federal Reserve Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 20, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 20, 2023
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1