H.R.833 - Federal Reserve Board Abolition Act

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. view all titles (3)

All Bill Titles

  • Official: 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. as introduced.
  • Popular: Federal Reserve Board Abolition Act as introduced.
  • Short: Federal Reserve Board Abolition Act as introduced.

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  • Today: 2
  • Past Seven Days: 19
  • All-Time: 42,428
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
02/03/09
 
 
 
 
 
 
 

OpenCongress Summary

As suggested by its title, this bill seeks to abolish the Board of Governors of the Federal Reserve System along with the Federal reserve banks within the period of a year. Rep. Paul has also proposed a somewhat milder alternative to this bill, H.R. 1207, which calls for more transparency of the Fed and requires the GAO to conduct a full audit of their activities.
OpenCongress bill summaries are written by OpenCongress editors and are entirely independent of Congress and the federal government. For the summary provided by Congress itself, via the Congressional Research Service, see the "Official Summary" below.

Official Summary

Federal Reserve Board Abolition Act - Abolishes the Board of Governors of the Federal Reserve System and each federal reserve bank.Repeals the Federal Reserve Act.


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