S. 4463, known as the "Federal Reserve Board Abolition Act," proposes to abolish the Board of Governors of the Federal Reserve System and the Federal Reserve banks, and repeal the Federal Reserve Act one year after the bill's enactment. During this time, the Chairman of the...
Simple Explanation
S. 4463 wants to close down a big money management system in the U.S. called the Federal Reserve and sell all their things to give the money to the government, but this might make it hard to keep the economy working smoothly.