The Regular Order for Investments of the Federal Reserve Act would restrict what investments the Federal Reserve can make and impose new reporting requirements on the central bank. Specifically, the bill prevents Federal Reserve banks from purchasing long-term Treasury bills (those maturing in more than three years), mortgage-backed securities, or stocks acquired after the law's enactment. The legislation also requires the Federal Reserve to adopt standard accounting practices used in the private sector and to report annually to Congress on how its policies affect the middle class and small business lending availability since 2000. The bill does not establish new funding mechanisms, as these changes operate within the Federal Reserve's existing authority and budget, and it was referred to the Senate Banking Committee in May 2025 with no specified implementation timeline beyond the enactment date.
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