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ROI of the Federal Reserve Act

5/27/2025, 1:08 PM

Summary of Bill S 1647

The bill, designated as S. 1647 in the 119th Congress and introduced on May 7, 2025, aims to restrict Federal reserve bank purchases and mandate compliance with Generally Accepted Accounting Principles standards.

Current Status of Bill S 1647

Bill S 1647 is currently in the status of Bill Introduced since May 7, 2025. Bill S 1647 was introduced during Congress 119 and was introduced to the Senate on May 7, 2025.  Bill S 1647's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of May 7, 2025

Bipartisan Support of Bill S 1647

Total Number of Sponsors
3
Democrat Sponsors
0
Republican Sponsors
3
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 1647

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 1647

A bill to limit purchases of the Federal reserve banks, to require Generally Accepted Accounting Principles standards, and for other purposes.
A bill to limit purchases of the Federal reserve banks, to require Generally Accepted Accounting Principles standards, and for other purposes.

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