If Yellen considers it a grave mistake, it's probably one of the best pieces of legislation to come out of the House in decades.
Yellen is right of course. Fortunately there is no chance of this Bill becoming law.
House passes Fed oversight bill opposed by Yellen, Obama
http://www.marketwatch.com/story/house-passes-fed-oversight-bill-opposed-by-yellen-obama-2015-11-19
Probably not. But the one thing I can rest assured in is that, eventually, the Fed is gone. It's just a matter of time. They'll continue to create more of a mess, and the political landscape will get more and more hostile towards the Fed until eventually it will collapse under the pressure. You're a member of the old guard, Piezoe. The stubborn, old, never change old guys will be forced out, as their solutions benefit the elites and not the people. Your time is ending.