Bill · S. 3476· Senate(119-S-3476)
Fed Forward Act of 2025
- Introduced
- 12/15/2025
- Last activity
- 12/15/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Ruben Gallego
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill is known as the Fed Forward Act of 2025. It amends the Federal Reserve Act to update communication practices, increase transparency, and improve accountability within the Federal Reserve System. The legislation requires regular policy statements, press conferences, and the release of meeting minutes. It also mandates periodic public reviews of the monetary policy framework. Additionally, the bill requires regular public reports on financial stability.
Yes· 3 of 15
Does this make what the government does easier for the public to see?+4
The legislation significantly enhances Federal Reserve transparency through mandatory press conferences, policy statements, and timely meeting minutes.
Is this likely to slow the rise in prices?+2
Clearer communication and monetary policy frameworks help anchor inflation expectations.
Is this likely to grow the economy?+2
Enhanced transparency and predictable frameworks support informed decision-making by businesses and households.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Transparency in meetings and policy: Under Section 3, the Committee is required to release a policy statement and hold a press conference on the day of each meeting, and release meeting minutes no later than 21 days later. This is positive because it keeps the public informed about the state of the economy and monetary policy decisions.
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Regular framework reviews: Under Section 4, the Board of Governors must perform a public review of the monetary policy framework every 5 years. This is a positive step to ensure the strategies and tools used are meeting the goals set by Congress.
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Financial stability updates: Under Section 5, the Board of Governors must prepare and release a Financial Stability Report to the public every 180 days. This gives everyday people a clear, regular assessment of the resilience of the United States financial system.
Potential Negative Impacts for People
- No negative impacts found: Based strictly on the provided text, there are no specific sections or provisions that identify negative consequences or burdens for individuals or groups of people in the United States.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Economic Growth+2Improves Fiscal Responsibility+2Reduces Inflation+2Improves Consumer Protection+1Improves Small Business Support+1
- Demographic And Interest Groups
- Good For Business Owners+1Good For Low Income Households+1Good For Middle Aged+1Good For Middle Class Households+1Good For Retirees+1Good For Seniors+1Good For Young Adults+1
- Governance And Ideology
- Improves Government Transparency+4Improves Interstate Commerce+1Increases Federal Power+1
- 12/15/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
Thomas TillisRepublican · North Carolina