ROI of the Federal Reserve Act
ROI of the Federal Reserve Act
Plain Language Summary
# ROI of the Federal Reserve Act (S 1647) - Summary **What the Bill Would Do:** The "ROI of the Federal Reserve Act" would require the Federal Reserve to publicly report on the return on investment (ROI) of its various programs and activities. In other words, it would mandate that the Federal Reserve measure and disclose how effectively its operations generate value or results relative to their costs. This is intended to increase transparency and accountability regarding how the Federal Reserve spends money and manages its initiatives. **Who It Affects:** This bill primarily affects the Federal Reserve itself, which would need to develop new reporting methods. It could also impact Congress and the public, who would gain access to more detailed information about Federal Reserve operations.
Indirectly, it could influence how the Federal Reserve conducts its monetary policy and spending decisions if the ROI requirement changes how the institution prioritizes its work. **Current Status:** The bill is currently in committee (S 1647), meaning it has been introduced but has not yet advanced to a full Senate vote. It was sponsored by Senator Rick Scott (R-FL). The bill has not yet become law.
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.