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H.R. 2755: | Federal Reserve Board Abolition Act | 110th Congress 2007-2008 |
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. OverviewSponsor: | | Text: | Summary
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Full Text | Status: |  | Introduced | Jun 15, 2007 | | Referred to Committee | View Committee Assignments |  | Reported by Committee | (did not occur) | | House Vote | (did not occur) | | Senate Vote | (did not occur) | | Signed by President | (did not occur) |
This bill never became law.
This bill was proposed in a previous session of Congress. Sessions
of Congress last two years, and at the end of each session all
proposed bills and resolutions that haven't passed are cleared from the books.
Members often reintroduce bills that did not come up for debate
under a new number in the next session.
| Last Action: | Jun 15, 2007:
Referred to the House Committee on Financial Services. | Related: | See the Related Legislation page for other bills related to this one and a list of subject terms
that have been applied to this bill.
Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned. |
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Question & Answer 
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See 6 more questions posed on this topic or submit your own question on the Q&A page.
Dec 7, 2008 11:47 PM - Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. Has it ever been ameneded, repealed or had any thing else done to it? -
Read AnswersAnswered by a visitor on Mar 10, 2009 5:28 PM -
"merely grants the Treasury the power to print money against silver bullion." That's a big "merely". If you understand currency, you'd understand that as soon as the Treasury started doing that everyone would demand treasury notes rather than reserve notes because the treasury notes would be backed by silver and retain their value. The market pressure for treasury notes would inherently put the fed out of business. Answered by a visitor on May 27, 2009 12:15 AM -
Monopolies don't work when there's competition. Kennedy's Executive Order would have had everyone using United States Notes backed by Silver. No one would want a Federal Reserve Note backed by force of military action if you don't accept their worthless paper. Dec 24, 2008 3:49 AM - if the federal reserve has the power to print our money the shouldnt artical 1 sec 8 claus 4 be repealed? -
Read AnswersAnswered by a visitor on Feb 11, 2009 8:43 PM -
NO! Article 1, Section 8, Clause 4 gives CONGRESS and only Congress the power to coin money. This power was completely usurped by the Federal Reserve Act of 1913, which is the law that should be repealed. You can't repeal any part of the original constitution, in the first place (though those in power have effectively repealed it in total). The Constitution is the law of the land, by which all other laws are measured. Answered by a visitor on Feb 21, 2009 5:37 PM -
The Constitution cannot be repealed but it can be Amended. Were Congress to have done that in 1913 all of the States would have to have been involved, thus exposing by debate what the Act was all about. The World Bankers of that day weren't as sure of passage so that is why on Dec.23,1913 they rushed it through Congress so Woodrow Wilson , who was put there for that reason, could sign it into law without the full attendance of Congress. |
Because the U.S. Congress posts most legislative information online one legislative day after events occur, GovTrack is usually one legislative day behind. For more information about where this data comes from, see
About GovTrack.us. H.R. 2755--110th Congress: Federal Reserve Board Abolition Act.
(2007).
In GovTrack.us (database of federal legislation).
Retrieved Nov 20, 2009, from
http://www.govtrack.us/congress/bill.xpd?bill=h110-2755
"H.R. 2755--110th Congress: Federal Reserve Board Abolition Act."
GovTrack.us (database of federal legislation).
2007.
Nov 20, 2009
<http://www.govtrack.us/congress/bill.xpd?bill=h110-2755>
{{cite web
|url=http://www.govtrack.us/congress/bill.xpd?bill=h110-2755
|title=H.R. 2755
|accessdate=Nov 20, 2009
|author=110th Congress (2007)
|date=Jun 15, 2007
|work=Legislation
|publisher=GovTrack.us
|quote=Federal Reserve Board Abolition Act
}} | | | |
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