United States 119th Congress Status: In Committee Bipartisan · 1 D · 1 R cosponsors

S 3476 — Fed Forward Act of 2025

Last action — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced December 15, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Advancing 34% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (1 D · 1 R) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

How this bill changes current law

5 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill amends the Federal Reserve Act to enhance transparency and accountability in the Federal Reserve System.

  • 12 U.S.C. 263

    at least four times each year → once every 8 weeks, or more often as needed,

    This change increases the frequency of Committee meetings from four times a year to every eight weeks.

  • 12 U.S.C. 263

    (d)(1) On the day of each meeting described in the fifth sentence of subsection (a), the Committee shall release to the public a policy statement containing information on the current state of the economy and how it relates to monetary policy and the level of the Federal funds target range, and shall hold a press conference, during which the Chair, or an individual delegated by the Chair, shall be available to answer questions.

    This addition requires the Committee to hold a press conference and release a policy statement on the day of each meeting.

  • 12 U.S.C. 263

    (2) Not later than 21 days after the conclusion of each meeting described in paragraph (1), the Committee shall release the minutes of the meeting to the public.

    This ensures that the minutes of each meeting are made public within 21 days.

  • 12 U.S.C. 226

    SEC. 33. MONETARY POLICY FRAMEWORK REVIEW. Not later than 5 years after the date of enactment of this section, and every 5 years thereafter, the Board of Governors shall perform a public review of the monetary policy framework of the Federal Reserve System, including the strategy, tools, and communications the Board of Governors uses to achieve the policy described in section 2A.

    This provision mandates a public review of the monetary policy framework every five years.

  • 12 U.S.C. 226

    SEC. 34. FINANCIAL STABILITY REPORT. Not later than 180 days after the date of enactment of this section, and every 180 days thereafter, the Board of Governors shall prepare and release to the public a Financial Stability Report that summarizes the framework used by the Board of Governors to assess the resilience of the financial system of the United States and presents a current assessment of the resilience of the financial system of the United States.

    This requires the Board of Governors to prepare a Financial Stability Report every 180 days.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 545 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (545)

545 members have not signed on to this bill.

Show all 545 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors S 3476?
S 3476 is sponsored by Gallego, Ruben (Democratic) and Tillis, Thomas (Republican).
What is the current status of S 3476?
This bill is in committee in the Senate. Introduced December 15, 2025. It must pass committee before a floor vote.
Where can I track S 3476?
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Last checked for changes 4 months ago · updated continuously

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