ROI of the Federal Reserve Act

S 2409 ("ROI of the Federal Reserve Act") requires the Federal Reserve Board and its banks to submit two new annual reports to Congress: one analyzing how their policies affect the U.S. middle class, and another detailing the impact of their actions on small business lending since 2000. The bill also restricts the Federal Reserve from purchasing Treasury bills with maturities over 3 years, mortgage-backed securities, or holding newly acquired common stock after enactment. Additionally, it mandates that the Federal Reserve use mark-to-market valuations (current market value) for financial reporting and follow standard accounting principles. These changes directly affect the Federal Reserve's operations, reporting, and investment practices.