,,ii  #aaith ,,congress  #ast ,session  
,s4 #afdg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #g1       
#bjbe,mr4 ,scott of ,florida introduced 
the following bill2 which was read twice
 and referred to the ,committee on      
,banking1 ,housing1 and ,urban ,affairs 
,a ,,bill  ,to limit purchases of the   
,federal reserve banks1 to require      
,generally ,accepted ,accounting        
,principles standards1 and for other    
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,regular ,order for 
,investments of the ,federal ,reserve   
,act or the ,,roi of the ,federal       
,reserve ,act4  #b4 ,amendments to the  
,federal ,reserve ,act ,the ,federal    
,reserve ,act is amended-- 7#a7 in      
section #b;,b 7#ab ,u4,s4,c4 #bbe;b71 by
 adding at the end the following3  7d7  
,additional annual reports ,the ,board  
and each ,federal reserve bank shall    
submit to ,congress1 on an annual       
basis-- 7#a7 a report on the status and 
health of the middle class in the       

,united ,states1 including an analysis  
of how the policies and programs of the 
,board and the ,federal reserve banks   
either positively or negatively impacted
 the growth of the middle class in the  
,united ,states2 and  7#b7 a report on  
the impact of the actions of the ,board 
and the ,federal reserve banks on the   
availability of small business lending  
and lines of credit since #bjjj1        
specifically how the balance sheet of   
the ,federal reserve banks1 the lending 
facilities of the ,board1 and interest  
paid on reserves of the ,federal reserve
 banks have impacted business credit and
 lending4  2  7#b7 in section           
#ad7;b77#b7 7#ab ,u4,s4,c4              
#cee7;b77#b771 by inserting before the  
period at the end the following3 1      
except that1 notwithstanding this       
paragraph and paragraph 7#a71 on and    
after the date of enactment of the      
,regular ,order for ,investments of the 
,federal ,reserve ,act1 a ,federal      
reserve bank may not-- 7,a7 purchase a  

,treasury bill with a term of maturity  
that is more than #c years2  7,b7       
purchase a mortgage-backed security2 or 
7,c7 directly or indirectly hold shares 
of common stock acquired on or after the
 date of enactment of the ,regular      
,order for ,investments of the ,federal 
,reserve ,act  2 and  7#c7 by adding at 
the end the following3  #cc4 ,accounting
 principles and valuations  7a7         
,accounting principles ,the accounting  
principles applicable to any filings    
made by the ,board1 the ,federal ,open  
,market ,committee1 or a ,federal       
reserve bank shall be consistent with   
generally accepted accounting           
principles4  7b7 ,valuations ,the       
,board1 the ,federal ,open ,market      
,committee1 and each ,federal reserve   
bank shall use mark-to-market valuations
 for each financial estimate described  
in a report or audit under the seventh  
undesignated paragraph of section #aj1  
section #aa7;a71 or section #aa;,b4  4