Bill
HR 1846
Overview: HR 1846, the Federal Reserve Board Abolition Act, was introduced in the House on March 05, 2025.Purpose and Intent: The bill aims to abolish the Federal Reserve System, t
Overview: HR 1846, the Federal Reserve Board Abolition Act, was introduced in the House on March 05, 2025.
Purpose and Intent: The bill aims to abolish the Federal Reserve System, the central banking system of the United States, and transfer its functions to the Department of the Treasury.
Key Provisions:
- Dissolves the Federal Reserve Board and the Federal Reserve Banks.
- Transfers all functions, powers, and duties of the Federal Reserve to the Department of the Treasury.
- Requires the Treasury Department to assume responsibility for monetary policy, banking regulation, and other functions previously handled by the Federal Reserve.
- Provides a transition period for the orderly transfer of responsibilities from the Federal Reserve to the Treasury Department.
Affected Parties and Impacts:
- The Federal Reserve System, including the Federal Reserve Board and the Federal Reserve Banks, would be abolished and their functions transferred to the Treasury Department.
- The federal government, through the Treasury Department, would assume direct control over monetary policy and banking regulation.
- The transition could have significant implications for the stability and functioning of the U.S. financial system.
Procedural and Timeline Considerations:
The bill has been introduced in the House and is currently awaiting further legislative action. If enacted, the transition from the Federal Reserve to the Treasury Department would need to be carefully managed to minimize disruptions to the financial markets and the broader economy.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.
