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VisitRep. Thomas Massie Introduces H.R. 8421 to Abolish Federal Reserve, Gains Congressional Support
May 20, 2024, 01:08 AM
Representative Thomas Massie has introduced H.R. 8421, the Federal Reserve Board Abolition Act, aiming to end the Federal Reserve. The bill has gained support from multiple members of Congress who believe the Fed is responsible for devaluing currency through debt monetization, leading to inflation.
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Markets
No • 50%
Yes • 50%
Official Congressional voting records
No • 50%
Yes • 50%
Official White House press releases
Yes • 50%
No • 50%
Official Senate voting records
Support between 30% and 50% • 25%
Support not measured • 25%
Support below 30% • 25%
Support exceeds 50% • 25%
Major polling organizations (e.g., Gallup, Pew Research)
Passed • 33%
Stalled • 34%
Rejected • 33%
Official Congressional voting records
High volatility • 25%
Significant increase • 25%
Significant decrease • 25%
Minimal impact • 25%
Stock market indices (e.g., S&P 500, Dow Jones)