# 119-s-869: Federal Reserve Board Abolition Act

119-s-869, Federal Reserve Board Abolition Act, is a 119th Congress bill sponsored by Sen. Lee, Mike [R-UT] (R-UT); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-869
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-869
- Congress: 119
- Title: Federal Reserve Board Abolition Act
- Status: introduced
- Introduced: 2025-03-05
- Sponsor: Sen. Lee, Mike [R-UT] (R-UT)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Abolish the Board of Governors and all Federal Reserve banks.** This bill would repeal the Federal Reserve Act and require the Board and each Reserve bank to be wound down and dissolved after a one-year liquidation period, with assets and liabilities moved toward the Treasury.

## Provisions PRIA read

- Abolish Federal Reserve, Treasury assumes costs: mixed, high. If enacted, this bill would abolish the Board of Governors and each Federal Reserve bank at the end of the 1-year period after enactment. During that 1-year winding-up period the Chairman would manage employees and pay compensation and benefits that accrued before jobs are abolished. The Director o…

## Related bills

- 119-s-5653: Bipartisan American Affordability and Jobs Act of 2026
- 119-s-4952: Protecting American Taxpayers Act
- 119-s-1801: International Nuclear Energy Act of 2025
- 119-s-1249: Drone Integration and Zoning Act
- 119-s-62: America First Act
- 119-s-4280: SAFE Act

## Sources
- [119-s-869 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/869)

## Related
- [119-s-5653: Bipartisan American Affordability and Jobs Act of 2026](https://policyrisk.com/legislation/119-s-5653)
- [119-s-4952: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4952)
- [119-s-1801: International Nuclear Energy Act of 2025](https://policyrisk.com/legislation/119-s-1801)
- [119-s-1249: Drone Integration and Zoning Act](https://policyrisk.com/legislation/119-s-1249)
- [119-s-62: America First Act](https://policyrisk.com/legislation/119-s-62)
- [119-s-4280: SAFE Act](https://policyrisk.com/legislation/119-s-4280)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-869 (as of 2025-12-21).