,,ii  #aai? ,,congress  #a/ ,session    
,s4 #afdf  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #g1 #bjbe,mr4     
,scott ( ,florida 7= himself & ,ms4     
,lummis7 introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to place fur!r congressional   
ov]sight on any quantitative eas+ or    
tight5+ programs or any em]g5cy l5d+    
programs ( ! ,bo>d ( ,gov]nors ( !      
,f$]al ,res]ve ,sy/em1 to require       
reports to ,congress relat+ to ^?       
programs1 to require congressional      
approval ( ! ext5sion ( ^? programs1 & =
 o!r purposes4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,re9 9 ! ,f$]al    
,res]ve ,act4  #b4 ,f$]al ,res]ve       
programs  7a7 ,report+ requir$ = c]ta9  
programs  7#a7 ,9 g5]al ,^u initiat+ any
 quantitative eas+ or tight5+ program or
 any em]g5cy l5d+ program "u ! fir/ or  
?ird undesignat$ p>agraph ( section #ac 
( ! ,f$]al ,res]ve ,act 7#ab ,u4,s4,c4  
#cdb1 #cdc71 ! ,bo>d ( ,gov]nors ( !    

,f$]al ,res]ve ,sy/em 7ref]r$ to 9 ?is  
section z ! ,bo>d ( ,gov]nors7 %all     
submit to ,congress1 ! ,committee on    
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate1 & ! ,committee on ,ways & ,means
 ( ! ,h\se ( ,repres5tatives1 & make    
publicly available1 a report on !       
program4  7#b7 ,report frequ5cy ,)      
respect to a report "u p>agraph 7#a71 ! 
,bo>d ( ,gov]nors %all submit an updat$ 
report n less frequ5tly ?an once e #ij  
days until-- 7,a7 ! program to :i* !    
report applies ends2 &  7,b7 all assets 
pur*as$ "u ! program describ$ 9         
subp>agraph 7,a7 h be5 remov$ f !       
balance %eet indicat+ ! total assets ( !
 ,bo>d ( ,gov]nors4  7#c7 ,report       
cont5ts ,a report describ$ 9 p>agraph   
7#a7 %all include1 ) respect to !       
program to :i* ! report applies-- 7,a7 !
 rationale = initiat+ ! program2  7,b7  
an e/imat$ projection (-- 7i7           
m>k-to-m>ket losses2  7ii7 any addition 
( funds to ! money supply2  7iii7 any   
impact on ! am\nt ( ! public debt ( !   

,f$]al ,gov]nm5t2 &  7iv7 any pot5tial  
losses to ! taxpay]s ( ! ,unit$ ,/ates2 
7,c7 if applicable1 an economic impact  
assessm5t & projections on ! int]action 
( ! program ) dome/ic & global m>kets2  
7,d7 an outl9e ( ! pace1 size1 &        
specific f9ancial products pur*as$ &    
anticipat$ to be pur*as$ "u ! program2  
7,e7 a plan ) a specific timel9e = end+ 
! program by a date t is n lat] ?an #c  
ye>s aft] ! date on :i* ! ,bo>d (       
,gov]nors initiates ! program1 su* t !  
program does n become "p ( ! /&>d       
op]ations ( ! ,bo>d ( ,gov]nors1        
includ+1 if applicable1 a description ( 
! rationale = :y ! program %\ld ext5d   
beyond #a ye>2 &  7,f7 an assessm5t (   
any pot5tial risks to price /ability t  
may result f ! program4  7b7 ,limitation
 on duration & r5ewal ( programs ,!     
,bo>d ( ,gov]nors %all n engage 9 any   
program describ$ 9 subsection 7a77#a7 = 
a p]iod long] ?an #a ye> )\t            
au?orization f ,congress4  7c7          
,disapproval ( /&+ programs ,) respect  

to any program describ$ 9 subsection    
7a77#a7-- 7#a7 ! report submitt$ "u t   
subsection %all be consid]$ to be !     
report requir$ "u section               
#hja7;a77#a77;,a7 ( title #e1 ,unit$    
,/ates ,code2 &  7#b7 ! program %all be 
subject to ! proc$ure = congressional   
disapproval "u *apt] #h ( title #e1     
,unit$ ,/ates ,code4