3.0.0 2409 2025-05-27T14:15:52Z 2025-05-27T14:15:52Z Senate S S 2023-07-20 118 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred To 2023-07-20T14:35:33Z 2023-07-20 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-07-20 Introduced in Senate IntroReferral 10000 9 Library of Congress S001217 Sen. Scott, Rick [R-FL] Rick Scott R FL N Finance and Financial Sector Finance and Financial Sector 2023-08-24T15:45:24Z

00 2023-07-20 Introduced in Senate 2024-06-05T15:08:07Z <p><strong>Regular Order for Investments of the Federal Reserve Act or the ROI of the Federal Reserve Act</strong></p><p>This bill establishes requirements for Federal Reserve System investments, accounting standards, and reports.</p><p>Under the bill, Federal Reserve banks are prohibited from purchasing Treasury bills with a term of maturity of more than three years and mortgage-backed securities. Federal Reserve banks are also prohibited from holding shares of common stock that are acquired on or after the date of enactment of this bill.</p><p>The Federal Reserve Board, Federal Reserve banks, and the Federal Open Market Committee must use generally accepted accounting principles and specified valuation methods in certain filings, reports, and audits.</p><p>Finally, the board and Federal Reserve banks must annually report to Congress on (1) the status of the middle class and the impact their policies and programs have had on the middle class, and (2) the impact their actions have had on small business lending and lines of credit since 2000.</p>

Display Title 45 2024-07-24T15:20:58Z Short Title(s) as Introduced 101 2024-05-24T13:37:42Z Introduced in Senate IS Short Title(s) as Introduced 101 2024-05-24T13:37:42Z Introduced in Senate IS Official Title as Introduced 6 2023-08-10T01:14:11Z Introduced in Senate IS Introduced in Senate 2023-07-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s2409is/xml/BILLS-118s2409is.xml 2023-07-20 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.