# 119-s-1646: Rein in the Federal Reserve Act

119-s-1646, Rein in the Federal Reserve Act, is a 119th Congress bill sponsored by Sen. Scott, Rick [R-FL] (R-FL); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-1646
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1646
- Congress: 119
- Title: Rein in the Federal Reserve Act
- Status: introduced
- Introduced: 2025-05-07
- Sponsor: Sen. Scott, Rick [R-FL] (R-FL)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Stronger congressional oversight of the Federal Reserve’s quantitative easing and emergency lending.** This bill would require the Fed to provide detailed public reports before and during any QE, tightening, or emergency lending program and to update those reports at least every 90 days until the program and purchased assets end. - Congress would receive the reports directly and publicly, delivered to the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Ways and Means, and the programs would be subject to the formal congressional disapproval process. - The Fed would have to explain the program’s rationale and provide projections of mark-to-market losses, additions to the money supply, impacts on the public debt and potential taxpayer losses, a list of products to be bought, and a plan to end the program no later than 3 years. - Households, investors, and markets would get mandatory estimates of economic effects and risks to price stability so taxpayers and market participants see possible fiscal and market exposure.

## Cosponsors (1)

- Sen. Lummis, Cynthia M. [R-WY] (R-WY), 2025-05-07T00:00:00.000Z

## Provisions PRIA read

- New limits and reports for the Fed: mixed, high. This bill would require the Federal Reserve Board to send and publish a report when it starts any quantitative easing, tightening, or emergency lending program under section 13. The Fed would have to update the report at least every 90 days until the program ends and all assets bought are removed f…

## Related bills

- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-1748: Kids Online Safety Act
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-4280: SAFE Act
- 119-s-2355: Patients Deserve Price Tags Act
- 119-s-541: ELITE Vehicles Act

## Sources
- [119-s-1646 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1646)

## Related
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-4280: SAFE Act](https://policyrisk.com/legislation/119-s-4280)
- [119-s-2355: Patients Deserve Price Tags Act](https://policyrisk.com/legislation/119-s-2355)
- [119-s-541: ELITE Vehicles Act](https://policyrisk.com/legislation/119-s-541)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1646 (as of 2025-12-21).