S 1648 · in committee · major
Right-size the Federal Reserve Act
- economy
What this bill does
- This bill caps total Federal Reserve assets at 10% of GDP, effective 10 years after enactment.
- It affects the Federal Reserve System, banks, and financial institutions subject to reserve requirements.
- The bill eliminates the Overnight Reverse Repurchase Facility and requires annual reporting on foreign bank interest payments.
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Community Threads
Started by Cosponsor
- 01
How would capping Federal Reserve assets at 10% of GDP affect the central bank's ability to respond to future financial crises or economic emergencies?
- 02
What trade-offs exist between reducing Federal Reserve balance sheet size and maintaining financial system stability for banks and depositors?
- 03
Which economic data or historical evidence supports the premise that a 10% GDP asset cap would improve or harm overall economic performance?
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Sponsor · R-FL
Rick Scott
Citizen cosponsors
0
In Congress
0/ 100
Senators cosponsoring
Introduced 2025-05-07
Legislative timeline
2025-05-07 · senate · IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-05-07 · IntroReferral
Introduced in Senate
Citizen comments
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