Senator Rick Scott advocates for a bill to create an independent Inspector General for the Federal Reserve.
Quiver AI Summary
On August 1, 2025, Senator Rick Scott addressed the Senate, advocating for the passage of legislation to create an independent Inspector General for the Federal Reserve. He emphasized the need for accountability, stating, "We know the Federal Reserve has been wildly unaccountable for years under Jay Powell’s leadership."
Scott presented his bill as a necessary step to restore public trust, arguing that the existing oversight was insufficient and often compromised. He pointed out numerous ethical concerns within the Fed and noted, "Every other government agency has one. Surely the government’s largest agency should have one."
The senator's push for reform also includes plans to halt interest payments on bank reserves, projected to cost taxpayers significantly. He thanked his bipartisan collaborators for their support in promoting greater transparency and fiscal accountability within the Federal Reserve.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Rick Scott Net Worth
Quiver Quantitative estimates that Rick Scott is worth $554.3M, as of August 2nd, 2025. This is the 2nd highest net worth in Congress, per our live estimates.
Scott has approximately $51.8M invested in publicly traded assets which Quiver is able to track live.
You can track Rick Scott's net worth on Quiver Quantitative's politician page for Scott.
Rick Scott Bill Proposals
Here are some bills which have recently been proposed by Rick Scott:
- S.2593: A bill to direct the Secretary of Commerce to submit a report assessing vulnerabilities to the electric grid in the United States from certain Internet-connected devices and applications, and for other purposes.
- S.2499: A bill to amend the Federal Reserve Act to strike a provision relating to earnings on balances, and for other purposes.
- S.2406: A bill to amend the Immigration and Nationality Act to authorize admission of Canadian retirees as long-term visitors for pleasure described in section 101(a)(15)(B) of such Act, and for other purposes.
- S.2384: A bill to monitor United States investments in entities that are controlled by foreign adversaries, and for other purposes.
- S.2382: A bill to amend the Sarbanes-Oxley Act of 2002 to provide for disclosure regarding foreign jurisdictions that hinder inspections, and for other purposes.
- S.2314: SHARKED Act of 2025
You can track bills proposed by Rick Scott on Quiver Quantitative's politician page for Scott.
Rick Scott Fundraising
Rick Scott recently disclosed $242.1K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 356th most from all Q2 reports we have seen this year. 37.2% came from individual donors.
Scott disclosed $343.5K of spending. This was the 134th most from all Q2 reports we have seen from politicians so far this year.
Scott disclosed $732.9K of cash on hand at the end of the filing period. This was the 368th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Rick Scott's fundraising on Quiver Quantitative.
