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Affirming Federal Reserve Independence for Economic Stability

This House Resolution affirms that the Federal Reserve should operate independently from political pressure. This aims to ensure price stability, maintain low unemployment, and protect the banking system, directly impacting the dollar's strength and citizens' financial security. The Fed's independence is crucial for making data-driven decisions, free from short-term political goals, which helps protect Americans' savings and jobs.
Key points
The Federal Reserve is to operate without political interference to safeguard the nation's financial stability.
Decisions on interest rates and monetary policy will be based on economic data, not political pressure.
The resolution aims to strengthen confidence in the U.S. dollar and economic stability, affecting prices and credit availability.
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Introduced
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Additional Information
Print number: 119_HRES_677
Sponsor: Rep. Barragán, Nanette Diaz [D-CA-44]
Process start date: 2025-09-04
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Affirming the independence of the Federal Reserve System, its Chairman, and the Board of Governors.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HRES_677.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-09-04.

What are the main provisions?

Key points include:

  • The Federal Reserve is to operate without political interference to safeguard the nation's financial stability.
  • Decisions on interest rates and monetary policy will be based on economic data, not political pressure.
  • The resolution aims to strengthen confidence in the U.S. dollar and economic stability, affecting prices and credit availability.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Barragán, Nanette Diaz [D-CA-44].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-21.

CATEGORIES

Economy