S 1646 · 119th Congress

Rein in the Federal Reserve Act

This bill would give Congress much more control over the Federal Reserve's emergency financial programs. Right now, the Federal Reserve can launch major programs—like buying large amounts of assets during financial crises or adjusting money supply—without getting approval from Congress first. This bill changes that…

Sponsor

Scott, Rick (R-Florida)

Introduced

2025-05-07

Policy area

Finance and Financial Sector

Latest action

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