Latest action: Referred to the House Committee on Financial Services.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Bill to modernize the Federal Reserve's operations and structure.
The problem
The Federal Reserve may need updates to better serve modern financial markets and address changing economic conditions in the United States.
The proposal
Updates the Federal Reserve's authority, governance, operations, or reserve requirements to align with current financial systems and economic needs.
The impact
Affects Federal Reserve operations, banks, financial institutions, and potentially inflation, interest rates, and credit availability for businesses and consumers.
Updating Federal Reserve rules could help it work better with today's digital banking and investment systems. This might make the financial system more efficient and responsive to current economic conditions.
Modernized procedures could allow the Federal Reserve to respond faster to economic problems or crises. Updated tools might help manage inflation or support economic growth more effectively.
Updated reserve requirements or governance could make banking rules clearer for financial institutions. This transparency might reduce confusion and improve trust in the banking system.
Changes to Federal Reserve structure or authority could reduce its independence from Congress. This might pressure the Fed to make political decisions rather than economically sound ones.
Some changes could limit the Fed's ability to control inflation effectively. Weakened inflation-fighting tools might lead to higher prices for consumers and businesses.
Major changes to Federal Reserve operations could confuse financial markets and create uncertainty. Investors and businesses might delay decisions until the new rules are clear.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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