arrow_back Back to App

Limiting Federal Reserve Assets and Monetary Policy Changes.

This bill aims to cap the Federal Reserve's total assets at 10% of US GDP, potentially impacting long-term economic stability. It also mandates reporting on interest payments to foreign banks and eliminates a liquidity management tool, which could affect credit availability and overall monetary policy.
Key points
Federal Reserve assets will be capped at 10% of US GDP, potentially affecting the central bank's ability to intervene in financial crises.
The Federal Reserve will be required to report on interest payments to foreign banks, increasing transparency.
The Overnight Reverse Repurchase Facility will be eliminated, which may alter how liquidity is managed in financial markets.
Bank reserve requirements cannot be lower than those in effect on March 25, 2020, potentially impacting bank liquidity.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1648
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2025-05-07
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Right-size the Federal Reserve Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1648.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-07.

What are the main provisions?

Key points include:

  • Federal Reserve assets will be capped at 10% of US GDP, potentially affecting the central bank's ability to intervene in financial crises.
  • The Federal Reserve will be required to report on interest payments to foreign banks, increasing transparency.
  • The Overnight Reverse Repurchase Facility will be eliminated, which may alter how liquidity is managed in financial markets.
  • Bank reserve requirements cannot be lower than those in effect on March 25, 2020, potentially impacting bank liquidity.
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 Sen. Scott, Rick [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy