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HR 1846119th CongressIntroduced
Federal Reserve Board Abolition Act
Introduced: Oct 29, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
House version of bill to abolish the Federal Reserve System with identical provisions to Senate version.
Key Points
- 1Abolishes Board of Governors and all Federal Reserve Banks after 1-year transition
- 2Repeals Federal Reserve Act
- 3Transfers assets and liabilities to Treasury Department
- 4Requires orderly liquidation of Fed assets
- 5Mandates report to Congress after 18 months on implementation
- 6Provides for employee compensation during transition period
Impact Areas
Federal Reserve SystemMonetary policyFinancial regulationTreasury DepartmentBanking industryFederal employees
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