Rein in the Federal Reserve Act imposes congressional oversight on Federal Reserve quantitative easing, tightening, and emergency lending programs.
The Rein in the Federal Reserve Act mandates that the Board of Governors of the Federal Reserve System submit reports to Congress, the Senate Committee on Banking, Housing, and Urban Affairs, and the House Committee on Ways and Means when initiating quantitative easing, tightening, or emergency lending programs. These reports must include the rationale for the program, projections of mark-to-market losses, additions to the money supply, impacts on public debt, and potential taxpayer losses. The Board must also outline the program's pace, size, and financial products.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.