S. 1648In Committee
Right-size the Federal Reserve Act
Restricts Federal Reserve operations by capping total Federal Reserve bank assets, ending the Overnight Reverse Repurchase Facility, and limiting reductions in bank reserve requirements
Plain-English overview
What this bill does
Restricts Federal Reserve operations by capping total Federal Reserve bank assets, ending the Overnight Reverse Repurchase Facility, and limiting reductions in bank reserve requirements
Key points
- Require annual foreign bank reports
- Prohibit lower reserve requirements
- Limit Federal Reserve assets
- Abolish reverse repurchase facility
Current status
Where it stands
Status
In Committee
Latest action
2025-05-07 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related context
Topics and policy areas
undefinedFinance and Financial Sector