# 119-hr-1846: Federal Reserve Board Abolition Act

119-hr-1846, Federal Reserve Board Abolition Act, is a 119th Congress bill sponsored by Rep. Massie, Thomas [R-KY-4] (R-KY); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-1846
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1846
- Congress: 119
- Title: Federal Reserve Board Abolition Act
- Status: introduced
- Introduced: 2025-03-05
- Sponsor: Rep. Massie, Thomas [R-KY-4] (R-KY)
- Cosponsors: 11
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Would abolish the Board of Governors of the Federal Reserve System and each Federal Reserve Bank** and repeal the Federal Reserve Act after a one-year wind-down. During that year the Chairman would manage employees and winding up operations, and the Director of the Office of Management and Budget would liquidate assets to maximize returns while outstanding liabilities become the responsibility of the Secretary of the Treasury. - Federal Reserve employees: Employees would be managed by the Chairman during the one-year dissolution and would receive compensation and benefits that accrued before their positions are abolished. - Treasury and taxpayers: All outstanding liabilities of the Board and Federal Reserve banks would become the liability of the Secretary of the Treasury and would be paid from liquidation proceeds deposited in the General Fund. - Federal Reserve banks and stockholders: The Director of the Office of Management and Budget would liquidate all assets, redeem Federal Reserve bank stock, and transfer net proceeds to the Treasury. *Would shift the Federal Reserve's assets and obligations onto the federal balance sheet, using liquidation proceeds to pay accepted claims and making the Treasury legally responsible for remaining liabilities.*

## Cosponsors (11)

- Rep. Biggs, Andy [R-AZ-5] (R-AZ), 2025-03-05T00:00:00.000Z
- Rep. Boebert, Lauren [R-CO-4] (R-CO), 2025-03-05T00:00:00.000Z
- Rep. Burlison, Eric [R-MO-7] (R-MO), 2025-03-05T00:00:00.000Z
- Rep. Cammack, Kat [R-FL-3] (R-FL), 2025-03-05T00:00:00.000Z
- Rep. Cloud, Michael [R-TX-27] (R-TX), 2025-03-05T00:00:00.000Z
- Rep. Crane, Elijah [R-AZ-2] (R-AZ), 2025-03-05T00:00:00.000Z
- Rep. Greene, Marjorie Taylor [R-GA-14] (R-GA), 2025-03-05T00:00:00.000Z
- Rep. Hageman, Harriet M. [R-WY-At Large] (R-WY), 2025-03-05T00:00:00.000Z
- Rep. Perry, Scott [R-PA-10] (R-PA), 2025-03-05T00:00:00.000Z
- Rep. Roy, Chip [R-TX-21] (R-TX), 2025-03-05T00:00:00.000Z
- Rep. Brecheen, Josh [R-OK-2] (R-OK), 2025-10-17T00:00:00.000Z

## Provisions PRIA read

- End the Federal Reserve in one year: cost, high. This bill would abolish the Federal Reserve Board and all regional Reserve Banks one year after enactment. It would also repeal the Federal Reserve Act at that time. The bill does not name a replacement for core central bank roles. If passed, interest rates, banking rules, and the money supply coul…
- Sell Federal Reserve assets, Treasury takes debts: cost, high. During the one-year wind-down, the budget office would sell Federal Reserve assets as quickly as practical while seeking the best return. After paying accepted claims and redeeming Reserve Bank stock, leftover money would go to the Treasury’s General Fund. The Treasury would take on all remaining F…

## Related bills

- 119-hr-425: Repealing Big Brother Overreach Act
- 119-hr-24: Federal Reserve Transparency Act of 2025
- 119-hr-645: National Constitutional Carry Act
- 119-hr-569: Birthright Citizenship Act of 2025
- 119-hr-925: Dismantle DEI Act of 2025
- 119-hr-1301: Death Tax Repeal Act

## Sources
- [119-hr-1846 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1846)

## Related
- [119-hr-425: Repealing Big Brother Overreach Act](https://policyrisk.com/legislation/119-hr-425)
- [119-hr-24: Federal Reserve Transparency Act of 2025](https://policyrisk.com/legislation/119-hr-24)
- [119-hr-645: National Constitutional Carry Act](https://policyrisk.com/legislation/119-hr-645)
- [119-hr-569: Birthright Citizenship Act of 2025](https://policyrisk.com/legislation/119-hr-569)
- [119-hr-925: Dismantle DEI Act of 2025](https://policyrisk.com/legislation/119-hr-925)
- [119-hr-1301: Death Tax Repeal Act](https://policyrisk.com/legislation/119-hr-1301)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1846 (as of 2026-04-21).