FRAME Act

This bill would bar the Federal Reserve from making any capital expenditure over $100 million if Congress enacts a joint resolution disapproving it within 60 calendar days after Congress receives the request. It sets the exact wording a disapproval resolution must use and requires it to be introduced within 3 days of the request. It creates fast-track rules in the House and Senate, including committee deadlines, limits on debate, and a ban on amendments in the Senate. Time the President spends acting on the resolution, including a veto, would not count toward the 60-day period.

Full text and official record on Congress.gov

Sponsors

• Rick Scott Republican sponsor
• 0 cosponsors