The Federal Reserve (Fed) is the subject of legislation being considered in the 115th Congress. This report analyzes Fed bills that have seen committee or floor action and the policy debate surrounding them. The bills contain wide-ranging changes that can be grouped into five broad categories: Fed governance, oversight and disclosure, monetary policy rules (the Taylor Rule), the Fed's emergency lending powers, and the Fed's balance sheet.
This report discusses bills in the 115th Congress regarding the Federal Reserve (Fed). Four major areas of interest are addressed by the bills; Fed governance, increased oversight and disclosure to Congress and the public, A monetary policy rule (known as the Taylor Rule) that would be used a standard for the Fed to compare their policies with, and reduction of their emergency lending powers.
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