Search Results for keywords:"federal reserve system"

Search Results: keywords:"federal reserve system"

S. 954 — To establish a Strategic Bitcoin Reserve and other programs to ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utilizing certain resources of the Federal Reserve System, and for other purposes.
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March 11, 2025
Status:Introduced in Senate
Congress:119
Words:3,529
S. 954 proposes the creation of a Strategic Bitcoin Reserve to manage the U.S. government's Bitcoin holdings transparently. The bill outlines the establishment and security of Bitcoin storage facilities, a Bitcoin Purchase Program aiming to acquire 1,000,000 Bitcoins over...
Simple Explanation
The bill wants the U.S. government to save a lot of Bitcoin, like digital gold coins, and keep them safe for a long time. It plans to use money from the country's "bank piggy bank" to buy these coins, but some people are worried because Bitcoin's value goes up and down a lot, and it might not be the safest place to put so much money.
S. 4912 — To establish a Strategic Bitcoin Reserve and other programs to ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utilizing certain resources of the Federal Reserve System, and for other purposes.
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July 31, 2024
Status:Introduced in Senate
Congress:118
Words:2,553
S. 4912 proposes the creation of a Strategic Bitcoin Reserve in the United States to securely store Bitcoin holdings of the federal government. The bill outlines the establishment of facilities for Bitcoin storage, a Bitcoin Purchase Program to buy and hold up to one million...
Simple Explanation
The bill wants to create a big safe for the U.S. to keep lots of Bitcoins, kind of like a giant digital piggy bank, and it says how the country could use some of its money to buy and store these Bitcoins carefully.
H. R. 2513 — To require Senate confirmation of Inspector General of the Bureau of Consumer Financial Protection, and for other purposes.
March 31, 2025
Status:Introduced in House
Congress:119
Words:1,082
H. R. 2513 aims to require that the Inspector General for the Bureau of Consumer Financial Protection (CFPB) be confirmed by the Senate. The bill includes changes to existing laws to establish the position of Inspector General within the CFPB, mandates semiannual hearings for...
Simple Explanation
H.R. 2513 is like saying that the person in charge of checking if the Bureau of Consumer Financial Protection is doing a good job must be chosen by a special okay from the Senate, and there should always be enough money given to them to do their job well.
H. R. 7625 — To require the Board of Governors of the Federal Reserve System and the Securities and Exchange Commission to issue an annual report to Congress projecting and accounting for the economic costs directly and indirectly caused by the impacts of climate change, to require the Federal Retirement Thrift Investment Board to establish a Federal Advisory Panel on the Economics of Climate Change, and for other purposes.
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March 12, 2024
Status:Introduced in House
Congress:118
Words:2,291
H.R. 7625, known as the "RESPOND Act of 2024," aims to address the economic impacts of climate change. It requires the Board of Governors of the Federal Reserve System and the Securities and Exchange Commission to issue an annual report to Congress that assesses the economic costs related to...
Simple Explanation
The "RESPOND Act of 2024" is a plan to help understand how climate change affects money and jobs; it asks special groups to study this every year and think about smarter ways to invest in the environment, like choosing stocks that are better for the earth.
S. 4799 — To amend the Federal Reserve Act to mandate discount window testing, and for other purposes.
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July 25, 2024
Status:Introduced in Senate
Congress:118
Words:1,733
S. 4799, known as the "Discount Window Enhancement Act of 2024," proposes amendments to the Federal Reserve Act to require depository institutions in the United States to demonstrate their ability to access the discount window. The bill sets specific testing requirements based on the size of...
Simple Explanation
The "Discount Window Enhancement Act of 2024" wants banks to practice using a special money window at the Federal Reserve, like a safety test, to make sure they can get money if needed. This bill sets rules for how often banks must practice based on their size and asks for some tech upgrades to make it all work smoothly.
H. R. 7143 — To require the heads of certain agencies to withdraw a proposed rule relating to capital requirements applicable to large banking organizations and banking organizations with significant trading activity, and for other purposes.
January 30, 2024
Status:Introduced in House
Congress:118
Words:311
H.R. 7143, known as the "Stop Basel Endgame Act," mandates that leaders of certain federal agencies cancel a proposed rule concerning capital requirements for large banking organizations and those with significant trading activities. Specifically, the Office of the...
Simple Explanation
In this bill, Congress is telling some big US money bosses that they need to stop a new rule about how much money big banks need to keep safe. They want to stop this rule to make sure banks can keep their money rules the same as before.
H. J. RES. 125 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to Principles for Climate-Related Financial Risk Management for Large Financial Institutions.
April 05, 2024
Status:Introduced in House
Congress:118
Words:242
H. J. RES. 125 is a joint resolution that seeks to overturn a rule established by the Board of Governors of the Federal Reserve System. The rule in question provides principles for managing financial risks related to climate change for large financial institutions. This...
Simple Explanation
H. J. RES. 125 is a decision by the government to stop using a set of rules they made about how big banks should deal with money problems caused by climate change. It doesn't say what will happen instead, which means everyone is left wondering what to do next.
H. J. RES. 125 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to Principles for Climate-Related Financial Risk Management for Large Financial Institutions.
September 09, 2024
Status:Reported in House
Congress:118
Words:403
H. J. RES. 125 is a joint resolution that aims to block a rule set by the Board of Governors of the Federal Reserve System. This rule pertains to how large financial institutions should manage risks related to climate change. Congress expresses its disapproval of this rule,...
Simple Explanation
In simple terms, H. J. RES. 125 is about Congress saying "no" to a rule that wanted big banks to think about risks from climate change. If Congress agrees, the rule will not count anymore, but it's not clear what will happen instead.
S. 940 — To require certain entities to submit to Congress information on the Basel Committee on Bank Supervision, and for other purposes.
March 11, 2025
Status:Introduced in Senate
Congress:119
Words:559
S. 940, known as the "Transparency in Banking Act," aims to enhance transparency in the activities related to the Basel Committee on Bank Supervision. The bill requires the Board of Governors of the Federal Reserve System and other relevant entities to submit an annual report...
Simple Explanation
S. 940 is a bill that wants some big bank groups to tell Congress what they talk about in certain meetings to help everyone understand better. It makes sure important changes are shared and explained in a simple way.

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