Bill · H.Res. 677· House(119-HRES-677)

Affirming the independence of the Federal Reserve System, its Chairman, and the Board of Governors.

Age: 50 years

California

Introduced: 9/4/2025
Last activity: 9/4/2025 — Referred to the House Committee on Financial Services.
Sponsored by: Nanette Barragán
Cosponsors: - 26 - 0

Finance and Financial Sector

Introduced
In Committee

A House resolution is the House speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the House agrees to it, it is officially the House's word; it is not a law, so the Senate and the President have no part in it.

What this bill would do

H. Res. 677 is a resolution that affirms the independence of the Federal Reserve System, its Chairman, and the Board of Governors. It states that the Federal Reserve's independence is necessary to make monetary policy decisions based on data and economic analysis without political pressure. The resolution expresses confidence in Chairman Jerome Powell and the Board of Governors. It urges the President and executive branch officials to respect this independence and avoid actions or rhetoric that compromise it. Finally, it reaffirms the Federal Reserve's role in maintaining a stable economic system for all Americans.

Yes· 3 of 36

Is this likely to slow the rise in prices?+5
Affirming the Fed's independence supports its ability to manage inflation through data-driven monetary policy.
Is this likely to grow the economy?+5
Maintaining stability and global confidence in the US dollar fosters a healthier environment for economic growth.
Would households on low incomes be better off under this?+4
Inflation management and employment goals heavily benefit lower-income groups.