The FED will consider on Monday a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank’s controversial decision to aid big banks and others in 2008 financial crisis.

A proposed rule change is to be considered by the Fed’s Washington-based board in an open meeting. If the new rule goes into power it would require any future emergency lending from the FED to be only “broad-based” to address larger financial market problems, and not tailored to specific firms.

According to the Dodd-Frank financial reform law of 2010, the Fed is curtailed its emergency loans to individual banks and is prohibited to lend to companies which are considered to be insolvent.

Many financial markets experts beleive that last week’s “Expedited, Closed” Meeting of the FED was indeed about the new emergency lending rule, not the rate hike.