# 119-s-1647: ROI of the Federal Reserve Act

119-s-1647, ROI of 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-1647
- 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-1647
- Congress: 119
- Title: ROI of the Federal Reserve Act
- Status: introduced
- Introduced: 2025-05-07
- Sponsor: Sen. Scott, Rick [R-FL] (R-FL)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Annual public reporting on the Fed's effect on the middle class.** This bill would make the Federal Reserve Board and each Federal Reserve Bank publish yearly reports on middle-class health and on small business lending since 2000, restrict certain Reserve Bank asset purchases, and require stronger accounting and valuation rules to boost transparency. - Families and households: Would force an annual report on the status and health of the middle class and an analysis of how Fed policies have helped or hurt middle-class growth. - Small businesses: Would require a yearly account of how the Fed's balance sheet, lending facilities, and interest paid on reserves have affected small business lending and lines of credit since 2000. - Fed operations and markets: Would bar Reserve Banks from buying Treasury bills with maturities over 3 years, buying mortgage-backed securities, or holding common stock acquired after enactment. It would also require generally accepted accounting principles and mark-to-market valuations in specified Fed reports and audits to increase financial transparency.

## Provisions PRIA read

- Fed must use GAAP and mark-to-market: benefit, high. This bill would require the Board, the FOMC, and each Federal Reserve bank to use generally accepted accounting principles (GAAP) in their filings. It would also require mark-to-market (market-value) valuations for specific financial estimates in certain reports and audits. If enacted, this would m…
- Limits Fed purchases of Treasuries and MBS: mixed, high. This bill would bar a Federal Reserve bank, on and after enactment, from buying Treasury bills that mature in more than 3 years. It would also bar Fed banks from buying mortgage-backed securities. It would bar Fed banks from directly or indirectly holding common stock bought on or after enactment.…

## Related bills

- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-1748: Kids Online Safety Act
- 119-s-4782: ReportScams.gov Act
- 119-s-4280: SAFE Act
- 119-s-690: Overdose RADAR Act

## Sources
- [119-s-1647 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1647)

## Related
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-4782: ReportScams.gov Act](https://policyrisk.com/legislation/119-s-4782)
- [119-s-4280: SAFE Act](https://policyrisk.com/legislation/119-s-4280)
- [119-s-690: Overdose RADAR Act](https://policyrisk.com/legislation/119-s-690)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1647 (as of 2025-12-21).