Right-size the Federal Reserve Act

This bill limits the size and some activities of the Federal Reserve System. It sets a rule that the total assets held by all Federal Reserve banks cannot be more than 10% of the country's economic output, giving 10 years for this change to take effect. It also shuts down a specific Federal Reserve program used to manage monetary policy, requires that banks keep at least as much money in reserve as they were required to hold on March 25, 2020, and makes the Federal Reserve report each year on interest payments it makes to foreign-owned banks and financial institutions.

Your Vote