Bill
Bill > S3954
US S3954
US S3954A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, and for other purposes.
summary
Introduced
03/30/2022
03/30/2022
In Committee
03/30/2022
03/30/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, and for other purposes.
AI Summary
This bill amends the Federal Reserve Act to prohibit Federal Reserve banks from offering certain products or services directly to individuals, maintaining accounts on behalf of individuals, or issuing a central bank digital currency directly to individuals. The purpose of this bill is to restrict the Federal Reserve's ability to engage with individual consumers, rather than solely focusing on its traditional role of regulating the banking system and implementing monetary policy.
Committee Categories
Housing and Urban Affairs
Sponsors (3)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 03/30/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/3954/all-info | 03/31/2022 |
| BillText | https://www.congress.gov/117/bills/s3954/BILLS-117s3954is.pdf | 04/07/2022 |
| Bill | https://www.congress.gov/117/bills/s3954/BILLS-117s3954is.pdf.pdf | 04/07/2022 |
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