Sponsors (2)
The bill increases Fed transparency, timeliness, and accountability—helping markets, households, and investors better anticipate policy and spot systemic risks—but does so at the risk of politicizing central‑bank communications, reducing candid deliberation, creating procedural burdens, and raising administrative costs that could be borne by taxpayers.
Households, taxpayers, and businesses get clearer, more consistent Fed communications that reduce economic uncertainty and help anchor inflation and interest-rate expectations.
Households, businesses, and markets receive timelier policy signals because the FOMC will meet every eight weeks with same-day policy statements and press events, improving predictability for economic decision‑making.
Taxpayers and the public gain stronger oversight and legitimacy of the Fed through mandated public explanations, question-and-answer requirements, and regular reviews of monetary strategy.
All Americans risk weakened central-bank independence and degraded credibility if mandated communications, frequent public reviews, and rapid press events politicize Fed messaging and invite congressional pressure.
Taxpayers could face higher indirect costs because more frequent meetings, mandated reviews, and twice‑annual reports will increase Fed administrative and compliance expenses.
Faster public disclosure requirements may discourage candid internal deliberation and reduce the Fed's ability to adapt or deliberate freely, potentially harming policy quality in complex or fast‑moving situations.
Based on analysis of 5 sections of legislative text.
Mandates more frequent Fed policymaking meetings with same-day statements and press conferences, periodic reviews of monetary strategy every 5 years, and a Financial Stability Report every 180 days.
Introduced December 15, 2025 by Ruben Gallego · Last progress December 15, 2025
Requires the Federal Reserve to meet more often and to communicate more publicly about policy and financial stability. It mandates same-day policy statements and press conferences for those meetings, faster release of meeting minutes, a five-year public review of the Fed’s monetary policy framework, and a twice-yearly Financial Stability Report. A congressional preamble expresses support for modern, transparent Fed communications and calls for codified practices and accountability. The bill increases reporting and public-review requirements for the Board of Governors and the Federal Open Market Committee (FOMC).