Skip to main content

Search Results: keywords:"federal reserve exemption"

  • S. 5425, also known as the "Bureaucratic Limitation and Overreach Control Act" or the "BLOCK Act," requires congressional approval for any federal rules expected to cost $50 million or more annually. The bill amends chapter 8 of title 5, United States Code, to set up a process where major...

    Simple Explanation

    The "BLOCK Act" is a rule that says if the government wants to make a big change that costs lots of money (more than $50 million a year), they have to ask permission from Congress first. This rule is like when a child needs to ask their parents before making a big purchase with their allowance!