Bill · S.Res. 347· Senate(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.
- Introduced
- 7/30/2025
- Last activity
- 7/30/2025 — Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S4909)
- Sponsored by
- Bernie Moreno
- Cosponsors
- None
- Introduced
- In Committee
A Senate resolution is the Senate speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the Senate agrees to it, it is officially the Senate's word; it is not a law, so the House and the President have no part in it.
What this bill would do
This resolution expresses the sense of the Senate regarding current monetary policy. It calls on the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to take immediate steps to lower interest rates. The goal of these actions would be to support economic growth, job creation, and affordability for American families and businesses. The text argues that current high interest rates increase borrowing costs and place financial strain on households. Additionally, it suggests that lower rates could stimulate investment in specific sectors.
Yes· 3 of 10
Is this likely to grow the economy?+6
The bill calls for lower interest rates specifically to stimulate investment and economic activity.
Would middle-income households be better off under this?+5
The bill argues that lower interest rates reduce borrowing costs for American families and support consumer spending.
Would business owners be better off under this?+5
Lower interest rates are expected to provide better access to affordable credit for entrepreneurial endeavors.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Affordability: Lowering interest rates could reduce borrowing costs for American families, specifically regarding home ownership and education. (Whereas clauses)
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Support for Small Businesses and Industry: Lower rates could provide better access to affordable credit for small businesses and domestic industries. (Whereas clauses)
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Economic Stimulation: Lower interest rates may stimulate investment and economic activity, particularly within the housing, manufacturing, and technology sectors. (Whereas clauses)
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Consumer Spending: Reducing interest rates could help alleviate the financial strain on households caused by higher costs for goods and services, potentially increasing consumer spending. (Whereas clauses)
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Job Creation: The resolution states that taking steps to lower interest rates would support job creation. (Resolution text)
Potential Negative Impacts for People
- No negative impacts are explicitly mentioned in the text provided.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5Good For Middle Class Households+5Good For Students+4Good For Young Adults+4Good For Low Income Households+3
- Economy And Finance
- Improves Economic Growth+6Improves Small Business Support+5Increases Job Creation+5Reduces National Debt+4
- Education And Technology
- Improves College Affordability+4
- 7/30/2025
- Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S4909)
- Introduced in Senate