Limit the powers of the Federal Reserve to focus only on stable prices and full employment.
One policy goal, tracked across every bill that has carried it.
What’s happening with Right-size the Federal Reserve Act?
The bill S. 1648 has been in the Senate Committee on Banking, Housing, and Urban Affairs since May 6, 2025. The committee members must hold a vote to move this proposal forward, but most bills fail because committees do not take action on them. This effort has seen no progress since July 19, 2023, when a similar bill expired in the previous session.
Updated July 9, 2026 · Generated by AI. Always verify with official sources.
Where it stands
Now carried by Right-size the Federal Reserve Act (S. 1648 (119th)) →
Legislative Progress
How we got here
Every bill that has carried this goal, oldest first.
Died with Congress · Jan 3, 2025
Died when the 118th Congress ended without final passage. Bills must be reintroduced under a new number to be revived.
Reintroduced · Jan 3, 2025
Reintroduced from S. 2410 (118th), which died when its Congress ended.
S. 2410 (118th) →
Vehicles
Who’s behind it
Rick Scott (R-FL)Wrote and sponsored the current bill.