,,ii #aaith ,,congress #ast ,session ,s4 #bhdc ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,september #ag 7legislative day1 ,september #af71 #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 require congressional approval for all capital expenditures requested by the ,federal ,reserve1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,federal ,reserve ,accountability for ,major ,expenditures ,act or the ,,frame ,act4 #b4 ,joint resolution of disapproval for ,federal ,reserve capital expenditures 7a7 ,in general ,notwithstanding any other provision of law1 the ,federal ,reserve may not make any capital expenditure in excess of #ajj1jjj1jjj if1 within #fj calendar days after the date on which ,congress receives a request for such capital expenditure1 there is enacted into law a joint resolution disapproving the capital expenditure4 7b7 ,contents of joint resolution ,for the purpose of this section1 the term joint resolution means only a joint resolution-- 7#a7 that is introduced not later than #c calendar days after the date on which the request described in subsection 7a7 is received by ,congress2 7#b7 which does not have a preamble2 7#c7 the title of which is as follows3 8,joint resolution relating to the disapproval of ,federal ,reserve capital expenditure under the ,,frame ,act02 and 7#d7 the matter after the resolving clause of which is as follows3 8,that ,congress disapproves the capital expenditure404 7c7 ,fast track consideration in ,house of ,representatives 7#a7 ,reporting and discharge ,any committee of the ,house of ,representatives to which a joint resolution is referred shall report it to the ,house not later than #bj calendar days after the date of receipt of the request described in subsection 7a74 ,if a committee fails to report the joint resolution within that period1 the committee shall be discharged from further consideration of the joint resolution and the joint resolution shall be referred to the appropriate calendar4 7#b7 ,proceeding to consideration ,after each committee authorized to consider a joint resolution reports it to the ,house or has been discharged from its consideration1 it shall be in order1 not later than the #bdth day after ,congress receives a request described in subsection 7a71 to move to proceed to consider the joint resolution in the ,house4 ,all points of order against the motion are waived4 ,such a motion shall not be in order after the ,house has disposed of a motion to proceed on the joint resolution4 ,the previous question shall be considered as ordered on the motion to its adoption without intervening motion4 ,the motion shall not be debatable4 ,a motion to reconsider the vote by which the motion is disposed of shall not be in order4 7#c7 ,consideration ,the joint resolution shall be considered as read4 ,all points of order against the joint resolution and against its consideration are waived4 ,the previous question shall be considered as ordered on the joint resolution to its passage without intervening motion except two hours of debate equally divided and controlled by the proponent and an opponent4 ,a motion to reconsider the vote on passage of the joint resolution shall not be in order4 7d7 ,fast track consideration in ,senate 7#a7 ,placement on calendar ,upon introduction in the ,senate1 a joint resolution shall be placed immediately on the calendar4 7#b7 ,floor consideration 7,a7 ,in general ,notwithstanding ,rule ,,xxii of the ,standing ,rules of the ,senate1 it is in order at any time during the period beginning on the #afth day after the date on which ,congress receives a request described in subsection 7a7 and ending on the #bdth day after the date on which ,congress receives a request described in subsection 7a7 7even though a previous motion to the same effect has been disagreed to7 to move to proceed to the consideration of the joint resolution1 and all points of order against the joint resolution 7and against consideration of the joint resolution7 are waived4 ,the motion to proceed is not debatable4 ,the motion is not subject to a motion to postpone4 ,a motion to reconsider the vote by which the motion is agreed to or disagreed to shall not be in order4 ,if a motion to proceed to the consideration of the resolution is agreed to1 the joint resolution shall remain the unfinished business until disposed of4 7,b7 ,debate ,debate on the joint resolution1 and on all debatable motions and appeals in connection therewith1 shall be limited to not more than #aj hours1 which shall be divided equally between the majority and minority leaders or their designees4 ,a motion further to limit debate is in order and not debatable4 ,an amendment to1 or a motion to postpone1 or a motion to proceed to the consideration of other business1 or a motion to recommit the joint resolution is not in order4 7,c7 ,vote on passage ,the vote on passage shall occur immediately following the conclusion of the debate on a joint resolution1 and a single quorum call at the conclusion of the debate if requested in accordance with the rules of the ,senate4 7,d7 ,rulings of the chair on procedure ,appeals from the decisions of the ,chair relating to the application of the rules of the ,senate1 as the case may be1 to the procedure relating to a joint resolution shall be decided without debate4 7e7 ,rules relating to ,senate and ,house of ,representatives 7#a7 ,coordination with action by other house ,if1 before the passage by one ,house of a joint resolution of that ,house1 that ,house receives from the other ,house a joint resolution1 then the following procedures shall apply3 7,a7 ,the joint resolution of the other ,house shall not be referred to a committee4 7,b7 ,with respect to a joint resolution of the ,house receiving the resolution-- 7i7 the procedure in that ,house shall be the same as if no joint resolution had been received from the other ,house2 but 7ii7 the vote on passage shall be on the joint resolution of the other ,house4 7#b7 ,treatment of joint resolution of other ,house ,if one ,house fails to introduce or consider a joint resolution under this section1 the joint resolution of the other ,house shall be entitled to expedited floor procedures under this section4 7#c7 ,treatment of companion measures ,if1 following passage of the joint resolution in the ,senate1 the ,senate then receives the companion measure from the ,house of ,representatives1 the companion measure shall not be debatable4 7#d7 ,consideration after passage 7,a7 ,in general ,if ,congress passes a joint resolution1 the period beginning on the date the ,president is presented with the joint resolution and ending on the date the ,president takes action with respect to the joint resolution shall be disregarded in computing the #fj-;calendar day period described in subsection 7a74 7,b7 ,vetoes ,if the ,president vetoes the joint resolution-- 7i7 the period beginning on the date the ,president vetoes the joint resolution and ending on the date the ,congress receives the veto message with respect to the joint resolution shall be disregarded in computing the #fj-;calendar day period described in subsection 7a72 and 7ii7 debate on a veto message in the ,senate under this section shall be #a hour equally divided between the majority and minority leaders or their designees4 7#e7 ,rules of house of representatives and senate ,this subsection and subsections 7b71 7c71 and 7d7 are enacted by ,congress-- 7,a7 as an exercise of the rulemaking power of the ,senate and ,house of ,representatives1 respectively1 and as such it is deemed a part of the rules of each ,house1 respectively1 but applicable only with respect to the procedure to be followed in that ,house in the case of a joint resolution1 and it supersedes other rules only to the extent that it is inconsistent with such rules2 and 7,b7 with full recognition of the constitutional right of either ,house to change the rules 7so far as relating to the procedure of that ,house7 at any time1 in the same manner1 and to the same extent as in the case of any other rule of that ,house4