Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This bill amends the Federal Reserve Act to (1) require annual reports from the Board and each Federal Reserve Bank on middle-class health and small-business credit availability; (2) prohibit Reserve Banks from purchasing Treasury bills with maturities over three years, buying mortgage-backed securities, or holding common stock acquired after enactment; and (3) require GAAP-consistent accounting and mark-to-market valuations for specified Fed reports and filings.
Progressives view asset limits as harmful to housing and credit availability
Relative to its intended legislative type, this bill makes concrete statutory changes to Federal Reserve investment authority and reporting and sets accounting and valuation requirements, but it provides only partial implementation detail.
This bill amends the Federal Reserve Act to (1) require annual reports from the Board and each Federal Reserve Bank on middle-class health and small-business credit availability; (2) prohibit Reserve Banks from purchasing Treasury bills with maturities over three years, buying mortgage-backed securities, or holding common stock acquired after enactment; and (3) require GAAP-consistent accounting and mark-to-market valuations for specified Fed reports and filings.
Constrained but consequential changes to Fed authority; politically sensitive, lacks compromise mechanisms, and could meet institutional resistance.
Relative to its intended legislative type, this bill makes concrete statutory changes to Federal Reserve investment authority and reporting and sets accounting and valuation requirements, but it provides only partial implementation detail.
Progressives view asset limits as harmful to housing and credit availability
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives view asset limits as harmful to housing and credit availability
Likely skeptical overall.
The transparency requirements are welcomed, but constraints on Fed asset purchases worry about reduced policy tools and harm to housing and credit access.
Mixed view.
Supports improved accounting and reporting but is concerned that strict asset purchase prohibitions reduce Fed flexibility.
Would favor amendments to preserve crisis tools.
Generally supportive.
Sees the bill as restoring regular order, increasing accountability, and limiting Fed overreach into long-term securities and equities.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Constrained but consequential changes to Fed authority; politically sensitive, lacks compromise mechanisms, and could meet institutional resistance.
The bill has not accumulated any surfaced votes yet.
Progressives view asset limits as harmful to housing and credit availability
Constrained but consequential changes to Fed authority; politically sensitive, lacks compromise mechanisms, and could meet institutional re…
Relative to its intended legislative type, this bill makes concrete statutory changes to Federal Reserve investment authority and reporting and sets accounting and valuation requirements, but it provides only partial im…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.