By: Quiver LegislationRadar
Posted: an hour ago / Oct. 2, 2025 3:40 p.m. UTC
We have received text from S. 2843: Federal Reserve Accountability for Major Expenditures Act. This bill was received on 2025-09-17, and currently has no cosponsors.
Here is a short summary of the bill:
This bill, titled the
Federal Reserve Accountability for Major Expenditures Act
(FRAME Act), seeks to establish a requirement for congressional approval for significant capital expenditures made by the Federal Reserve. Here are the main points of the bill:
Key Provisions
Capital Expenditures Threshold:
The Federal Reserve is prohibited from making any capital expenditure over $100 million unless Congress approves it. This means any proposals to spend more than this amount must be reviewed and either approved or rejected by Congress.
Joint Resolutions:
Congress must respond to the Federal Reserve’s request for capital expenditures within 60 days. If Congress enacts a joint resolution disapproving the expenditure, the Federal Reserve cannot proceed with that expenditure.
Specific Requirements for Joint Resolution:
Fast Track Procedures:
The bill outlines expedited procedures for both the House of Representatives and the Senate to consider the joint resolutions.
Senate and House Coordination
If one House of Congress passes a joint resolution, the other House must consider it using expedited procedures. There are also provisions for handling companion measures, ensuring that the process is streamlined even when there are offers from both Houses.
Impact of the Bill
The bill aims to provide Congress more oversight and control over significant financial decisions made by the Federal Reserve, potentially influencing the overall financial stability and economic policies informed by such expenditures. The idea is to ensure that large spending actions align with the interests and priorities of Congress and, by extension, the public.
Additional Notes
The bill emphasizes legislative oversight and procedural efficiency, thereby aiming to create a system that is receptive to both accountability and timely action when it comes to major financial proposals from the Federal Reserve.
Relevant Companies
Senator Rick Scott Bill Proposals
Here are some bills which have recently been proposed by Senator Rick Scott:
S.2936: A bill to designate Antifa as a domestic terrorist organization, to counter domestic terrorism and organized political violence, and for other purposes.S.2935: A bill to prohibit State and local law enforcement officers from arresting foreign nationals within the United States solely on the basis of an indictment, warrant, or request issued by the International Criminal Court, and for other purposes.S.2908: A bill to ensure equal treatment for religious organizations in the Federal provision of social services programs, grantmaking, and contracting, and for other purposes.S.2843: FRAME ActS.2744: Federal Disaster Tax Relief Act of 2025S.2670: STOP Scammers Act
You can track bills proposed by Senator Rick Scott on Quiver Quantitative’s politician page for Scott.
Senator Rick Scott Net Worth
Quiver Quantitative estimates that Senator Rick Scott is worth $503.4M, as of October 2nd, 2025. This is the 3rd highest net worth in Congress, per our live estimates.
Scott has approximately $51.5M invested in publicly traded assets which Quiver is able to track live.
You can track Senator Rick Scott’s net worth on Quiver Quantitative’s politician page for Scott.
Senator Rick Scott Stock Trading
We have data on up to $374.3M of trades from Senator Rick Scott, which we parsed from STOCK Act filings. Some of the largest trades include:
A August 15th, 2023 sale of up to $5M of $WTT.A December 20th, 2023 sale of up to $15K of $VAXX. The stock has fallen 97.12% since then.
You can track Senator Rick Scott’s stock trading on Quiver Quantitative’s politician page for Scott.
This article is not financial advice. See Quiver Quantitative’s disclaimers for more information.