H.R. 5356 (107th): Federal Reserve Board Abolition Act

Introduced:
Sep 10, 2002 (107th Congress, 2001–2002)
Sponsor:
Rep. Ronald “Ron” Paul [R-TX14]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 2778 (108th) on Jul 17, 2003.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on September 10, 2002, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 10, 2002
Cosponsors
none
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

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.

Summary

No summaries available.

Text

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Last updated Sep 10, 2002.
4 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/10/2002--Introduced.
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.
Instructs the Chairman of the Board to wind up its affairs and those of the Federal reserve banks.
Instructs the Director of the Office of Management and Budget to liquidate all assets of the Board and of the Federal reserve banks.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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