FRAME Act

S 2843, the FRAME Act, requires Congress to disapprove any Federal Reserve capital expenditure exceeding $100 million within 60 days of a request. It directly affects the Federal Reserve by adding congressional oversight for major spending decisions. Key provisions mandate a specific joint resolution format (no preamble, fixed title/text) and establish fast-track procedures: the House must consider it within 24 days with limited debate, while the Senate must place it on the calendar immediately and limit debate to 10 hours. The bill creates a formal, time-bound process for congressional disapproval of large Fed spending projects.