The Fed Oversight Reform and Modernization (FORM) Act passed with bipartisan support in the House in November over the protests of Fed Chair Janet Yellen.
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Fed Chairman Yellen Urges Congress to Reject Fed Reform Bill
H.R. 3189, known as the Fed Oversight Reform and Modernization (FORM) Act, is scheduled for a full House vote this week after passing in the House Financial Services Committee by a 33-25 vote on July 29. The bill is sponsored by Rep. Bill Huizenga (R-Michigan), who is the House Monetary Policy and Trade Subcommittee Chairman.
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