Search Results for keywords:"monetary policy"

Search Results: keywords:"monetary policy"

H. R. 5403 — To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.
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May 07, 2024
Status:Reported in House
Congress:118
Words:1,784
H.R. 5403 is a bill aimed at amending the Federal Reserve Act to limit the Federal Reserve Banks' abilities in two major areas. First, it prohibits these banks from directly offering products or services to individuals or maintaining individual accounts. Second, the bill blocks the Federal...
Simple Explanation
H.R. 5403 is a rule that says the big banks in charge of our money can't make special digital money for people unless the big U.S. bosses (Congress) say yes, and it makes sure that the same privacy rules we have for cash are used for some digital monies too.
S. 4463 — To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.
June 05, 2024
Status:Introduced in Senate
Congress:118
Words:754
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.
H. R. 8421 — To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.
May 16, 2024
Status:Introduced in House
Congress:118
Words:834
H.R. 8421, also known as the “Federal Reserve Board Abolition Act,” proposes to dismantle the Board of Governors of the Federal Reserve System and the Federal reserve banks one year after the bill is enacted. It seeks to repeal the Federal Reserve Act and entrust the winding...
Simple Explanation
Imagine if a big, important group that helps guide how money is handled in the country is taken away. This bill suggests getting rid of that group and passing its jobs to others, which could be a bit like taking apart a big toy and figuring out what to do with all the pieces.
H. R. 5403 — An Act To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.
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May 23, 2024
Status:Engrossed in House
Congress:118
Words:1,038
H.R. 5403, known as the "CBDC Anti-Surveillance State Act," aims to amend the Federal Reserve Act to restrict the Federal Reserve banks from offering products or services directly to individuals and from issuing a central bank digital currency (CBDC). It prohibits the use of...
Simple Explanation
H.R. 5403 is a bill that says the U.S. government cannot use a special kind of digital money called "central bank digital currency" or CBDC, to make rules about money without first asking permission from Congress. It also makes sure that this money can't be given to people directly and must keep people's money secret and safe.
H. R. 5403 — An Act To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.
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June 03, 2024
Status:Referred in Senate
Congress:118
Words:1,013
H.R. 5403, also known as the "CBDC Anti-Surveillance State Act," proposes amendments to the Federal Reserve Act to restrict Federal Reserve banks from directly or indirectly offering digital currencies to individuals. The bill explicitly prohibits these banks from issuing a...
Simple Explanation
H.R. 5403 is like a rule that says the big bank in charge of all the banks can’t make a special kind of money just for computers without asking Congress first. It also says they can’t use this money to change how they control money in the country.
S. 3801 — To amend the Federal Reserve Act to prohibit the Federal Reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.
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February 26, 2024
Status:Introduced in Senate
Congress:118
Words:908
S. 3801 aims to amend the Federal Reserve Act to restrict Federal Reserve banks from offering digital products or services directly to individuals. It prohibits the use of central bank digital currency (CBDC) for monetary policy and prevents these banks from directly or...
Simple Explanation
S. 3801 is like a new rule saying the big bank in charge of all money can't make special digital money or special digital things for people without getting a thumbs-up from other leaders. This stops them from using the new digital money to change how money works, but still lets people use private digital money like coins and bills.

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