Federal Reserve Board Abolition Act

Hozzl · 2025-03-21T04:38:25Z

Explore the details of House Bill 1846 Federal Reserve Board Abolition Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/21/2025, 4:38 AM

Summary of Bill HR 1846

Bill 119 HR 1846, also known as the Federal Reserve Abolition Act, aims to eliminate the Board of Governors of the Federal Reserve System and the Federal Reserve banks, as well as repeal the Federal Reserve Act. The bill proposes to transfer the responsibilities and functions of the Federal Reserve to the Department of the Treasury.

The bill argues that the Federal Reserve has too much power and influence over the US economy, and that its actions can have negative consequences for the American people. Proponents of the bill believe that abolishing the Federal Reserve will lead to greater transparency and accountability in monetary policy decisions.

Opponents of the bill argue that the Federal Reserve plays a crucial role in stabilizing the economy and ensuring financial stability. They believe that abolishing the Federal Reserve could have detrimental effects on the US economy and lead to increased volatility in financial markets. Overall, Bill 119 HR 1846 is a controversial piece of legislation that seeks to fundamentally change the way monetary policy is conducted in the United States. It has sparked debate among lawmakers and economists about the potential implications of abolishing the Federal Reserve.

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Current Status of Bill HR 1846

Bill HR 1846 is currently in the status of Bill Introduced since March 5, 2025. Bill HR 1846 was introduced during Congress 119 and was introduced to the House on March 5, 2025. Bill HR 1846's most recent activity was Referred to the House Committee on Financial Services. as of March 5, 2025

Bipartisan Support of Bill HR 1846

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Policy Area and Potential Impact of Bill HR 1846

Primary Policy Focus

Alternate Title(s) of Bill HR 1846

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

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