The H. R. 2418 bill proposes changes to the Federal Reserve Act to ensure that the non-monetary policy functions of the Board of Governors of the Federal Reserve System are included in the appropriations process. It mandates that the Board and the Federal Reserve Banks...
Simple Explanation
The H. R. 2418 bill wants to make rules so the government checks the money the Federal Reserve uses for jobs like watching over banks. Starting in 2026, Congress has to approve this spending.