FRAME Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2843 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2843 To require congressional approval for all capital expenditures requested by the Federal Reserve, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES September 17 (legislative day, September 16), 2025 Mr. Scott of Florida introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To require congressional approval for all capital expenditures requested by the Federal Reserve, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Federal Reserve Accountability for Major Expenditures Act'' or the ``FRAME Act''. SEC. 2. JOINT RESOLUTION OF DISAPPROVAL FOR FEDERAL RESERVE CAPITAL EXPENDITURES. (a) In General.--Notwithstanding any other provision of law, the Federal Reserve ma…