US HB2418

Requires the Federal Reserve Board's non-monetary policy regulatory functions to be funded through the congressional appropriations process, effective October 1, 2025

Mandates that assessments and fees collected from supervised institutions be deposited as offsetting collections to the Fed's appropriations account, with collection only permitted as authorized by Congress

Defines "non-monetary policy related administrative costs" to include bank supervision and examination expenses, stress testing, regulatory report processing, staff training, research functions, and related overhead and pension costs

Preserves the Fed's independence for monetary policy operations while subjecting regulatory activities to annual congressional budget approval

Introduced March 27, 2025 by Representatives Davidson and Donalds and referred to the House Committee on Financial Services