A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, and for other purposes.

Hozzl · 2023-12-15T16:06:43Z

Explore the details of Senate Bill 887 A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, and for other purposes. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/15/2023, 4:06 PM

Congressional Summary of S 887

This bill prohibits a Federal Reserve bank from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency directly to an individual.

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Current Status of Bill S 887

Bill S 887 is currently in the status of Bill Introduced since March 21, 2023. Bill S 887 was introduced during Congress 118 and was introduced to the Senate on March 21, 2023. Bill S 887's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 21, 2023

Bipartisan Support of Bill S 887

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 887

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 887

A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, and for other purposes.