S 1648
Right-size the Federal Reserve Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 7:43 AM
Take action
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Right-size the Federal Reserve Act, aims to limit the power and scope of the Federal Reserve System. It sets a cap on the total assets held by the Federal Reserve banks, tying them to 10% of the U.S. gross domestic product, and eliminates a specific monetary policy facility. The bill also requires the Federal Reserve to report annually on interest payments to foreign-owned banks and ensures bank reserve requirements are at least as high as they were in March 2020.
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.