The bill would require Congress to approve funding for the Federal Reserve Board’s administrative costs that are not related to monetary policy. These costs include bank supervision and regulation, staff training, analysis, and related support expenses. Fees collected to recover these costs would be credited to the account that funds the Board. The changes would apply to expenses paid and fees collected on or after October 1, 2025.
The bill changes how certain Federal Reserve Board expenses are approved and funded. It does not specify any direct action for individuals.
The bill provides for fees and assessments to recover the costs of the congressional appropriations for these activities. It does not state a dollar amount.
No publicly available information.
No publicly available information.