This bill aims to increase congressional oversight over significant financial decisions made by the Federal Reserve. It mandates that any capital expenditure requested by the Federal Reserve exceeding $100,000,000 must be subject to potential congressional disapproval. This measure, known as the FRAME Act, seeks to ensure greater accountability for the Federal Reserve's major financial outlays. Under the bill's provisions, the Federal Reserve is prohibited from making such a large capital expenditure if Congress enacts a joint resolution of disapproval within 60 calendar days of receiving the expenditure request. This joint resolution must adhere to strict formatting and timing requirements, including being introduced within three calendar days of the request and having a specific title. The intent is to provide a clear and timely mechanism for Congress to block proposed expenditures. To facilitate prompt congressional action, the bill establishes fast-track consideration procedures in both the House of Representatives and the Senate. These procedures include expedited committee reporting or discharge, limits on debate time, and waivers of certain points of order to ensure a swift vote on the disapproval resolution. For instance, in the House, committees must report the resolution within 20 days, and in the Senate, it is placed immediately on the calendar with limited debate. These rules are designed to streamline the legislative process for these specific resolutions, even outlining procedures for handling presidential vetoes.