To amend the Federal Reserve Act to provide greater accountability to the Federal Reserve System, and for other purposes.
Summary
What This Bill Does
The bill requires appointment of Federal Reserve bank presidents The fifth paragraph of the fourth unenumerated paragraph of section 4 of the Federal Reserve Act (12 U.S.C, requires federal reserve districts Section 2 of the Federal Reserve Act (12 U.S.C, and provides lobbying with moneys The Federal Reserve Act is amended by inserting after section 15 (12 U.S.C. It relies on compliance mandates, definition changes, and appropriations. The main policy areas are Finance, Financial Services, and Defense.
Who Benefits and How
National security and critical infrastructure stakeholders affected by the bill could face lower compliance burdens, Lobbyists, political organizations, and disclosure users affected by the bill could face lower compliance burdens, and Financial services firms and customers affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Financial services firms and customers affected by the bill would take on compliance duties, and Businesses and employers affected by the bill would take on compliance duties.
Key Provisions
- Requires appointment of Federal Reserve bank presidents The fifth paragraph of the fourth unenumerated paragraph of section 4 of the Federal Reserve Act (12 U.S.C.
- Requires federal reserve districts Section 2 of the Federal Reserve Act (12 U.S.C.
- Provides lobbying with moneys The Federal Reserve Act is amended by inserting after section 15 (12 U.S.C.
- Provides lobbying with moneys No part of the income, interest, fees, money, or other funds of the Board of Governors of the Federal Reserve System or any Federal Reserve bank shall, in the absence of express...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires appointment of Federal Reserve bank presidents The fifth paragraph of the fourth unenumerated paragraph of section 4 of the Federal Reserve Act (12 U.S.C, requires federal reserve districts Section 2 of the Federal Reserve Act (12 U.S.C, and provides lobbying with moneys The Federal Reserve Act is amended by inserting after section 15 (12 U.S.C.
Key Policy Areas
Finance, Financial Services, Defense
Primary Purpose
The bill requires appointment of Federal Reserve bank presidents The fifth paragraph of the fourth unenumerated paragraph of section 4 of the Federal Reserve Act (12 U.S.C, requires federal reserve districts Section 2 of the Federal Reserve Act (12 U.S.C, and provides lobbying with moneys The Federal Reserve Act is amended by inserting after section 15 (12 U.S.C.
Policy Domains
Whole bill
Identified Gains
- National security and critical infrastructure stakeholders affected by the bill
- Lobbyists, political organizations, and disclosure users affected by the bill
- Financial services firms and customers affected by the bill
- Businesses and employers affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Financial services firms and customers affected by the bill
- Businesses and employers affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Tillis (for himself, Ms. Lummis, Mr. Cruz, and Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology