24. Federal Reserve · Notable · Needs Congress
Have Congress limit Federal Reserve balance sheet purchases
Printed page 734 24. Federal Reserve
“Federal Reserve balance sheet purchases should be limited by Congress, and the Federal Reserve’s existing balance sheet should be wound down as quickly as is prudent to levels similar to what existed historically before the 2008 global financial crisis.”
What has happened
- Not started
Congress imposed no limit on Federal Reserve asset purchases. No bill in the 119th Congress would cap the size or composition of the System Open Market Account, and none of the Federal Reserve bills introduced — the Federal Reserve Board Abolition Act (H.R. 1846, S. 869), the Federal Reserve Transparency Act (H.R. 24, S. 2327), the Federal Reserve Regulatory Oversight Act (H.R. 2418), Rein in / Right-size / ROI of the Federal Reserve Act (S. 1646, S. 1648, S. 1647) — has left committee. The wind-down half of the Quote also failed on its own terms: the Committee concluded the reduction of its securities holdings on December 1, 2025.
No action found yet. This entry is the starting point, not a finding.
Research log
What was searched, and what didn’t count as evidence
Research notes
The executive-side facts are the same as #2010’s and are recorded there with their Evidence. This item is requires_congress, and the ladder for it starts at introduction, which is not started (playbook §3b). No purchase-limit bill was even introduced.
Shares the Chapter 24 cluster negative search.
- Action
- restrict
- Object
- Federal Reserve asset purchases
- ID
- 2011