# 119-sres-347: A resolution expressing the sense of the Senate that the Board of Governors of the Federal Reserve System and the Federal Open Market Committee should take immediate steps to lower interest rates to support economic growth, job creation, and affordability for American families and businesses.

119-sres-347, A resolution expressing the sense of the Senate that the Board of Governors of the Federal Reserve System and the Federal Open Market Committee should take immediate steps to lower interest rates to support economic growth, job creation, and affordability for American families and businesses., is a 119th Congress bill sponsored by Sen. Moreno, Bernie [R-OH] (R-OH); status introduced (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-sres-347
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-sres-347
- Congress: 119
- Title: A resolution expressing the sense of the Senate that the Board of Governors of the Federal Reserve System and the Federal Open Market Committee should take immediate steps to lower interest rates to support economic growth, job creation, and affordability for American families and businesses.
- Status: introduced
- Introduced: 2025-07-30
- Sponsor: Sen. Moreno, Bernie [R-OH] (R-OH)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2026-04-21

## Summary

**Lower interest rates to boost growth and affordability.** This resolution would urge the Board of Governors of the Federal Reserve and the Federal Open Market Committee to quickly reduce interest rates, with particular emphasis on lowering the federal funds rate to support economic growth, job creation, and affordability for American families and businesses. - Families would face lower borrowing costs and better access to affordable credit for home ownership and education, easing pressure from higher prices. - Small businesses and domestic industries would benefit from cheaper loans, encouraging investment in housing, manufacturing, and technology. - Consumers and the broader economy would see policies intended to lift consumer spending and support job creation. *Supporters cited in the resolution say lowering rates could reduce federal interest costs by about $360.0 billion per percentage point, implying potential savings to the federal budget.*

## Related bills

- 119-s-1541: SHIPS for America Act of 2025
- 119-s-3597: National Quantum Initiative Reauthorization Act of 2026
- 119-s-4952: Protecting American Taxpayers Act
- 119-s-5616: ADAPT Act
- 119-s-4378: Protecting American Taxpayers Act
- 119-s-3903: Railway Safety Act of 2026

## Sources
- [119-sres-347 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-resolution/347)

## Related
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-3597: National Quantum Initiative Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3597)
- [119-s-4952: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4952)
- [119-s-5616: ADAPT Act](https://policyrisk.com/legislation/119-s-5616)
- [119-s-4378: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4378)
- [119-s-3903: Railway Safety Act of 2026](https://policyrisk.com/legislation/119-s-3903)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-sres-347 (as of 2026-04-21).