H.Res. 677

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 677 Introduced in House (IH)]

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119th CONGRESS
1st Session
H. RES. 677

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

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

September 4, 2025

Ms. Barragan (for herself, Mr. Lieu, Mrs. Dingell, Mr. Fields, Mr. 
Thanedar, Mr. Garamendi, Ms. Ansari, Mr. McGovern, Ms. Chu, Ms. Kelly 
of Illinois, Mr. Pocan, Ms. Craig, Mr. Moskowitz, Mr. Kennedy of New 
York, Ms. Friedman, Ms. Jayapal, Ms. Pelosi, Mr. Goldman of New York, 
Mr. Magaziner, Ms. Johnson of Texas, and Mr. Case) submitted the 
following resolution; which was referred to the Committee on Financial 
Services

_______________________________________________________________________

RESOLUTION

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

Whereas the Federal Reserve System serves as the central bank of the United 
States, charged with maintaining the stability of the financial system, 
managing inflation, promoting maximum employment, and ensuring the 
safety and soundness of the Nation's banking institutions;
Whereas the independence of the Federal Reserve is essential to its ability to 
make monetary policy decisions based on data, long-term economic 
analysis, and the best interests of the American people, free from 
short-term political pressure;
Whereas Chairman Powell and the Board of Governors have acted consistently to 
uphold the integrity and credibility of the Federal Reserve System;
Whereas the credibility of United States financial leadership depends on the 
Federal Reserve's ability to make decisions independently, with a clear 
focus on price stability and the health of the United States economy; 
and
Whereas attempts by the President to intimidate, override, or remove the Federal 
Reserve Chair or other members of the Board for political purposes or 
policy disagreements violate the Federal Reserve Act and undermine 
global confidence in the United States dollar, financial markets, and 
the broader economy: Now, therefore, be it
Resolved, That the House of Representatives--
(1) affirms its support for the independence of the Federal 
Reserve System in setting monetary policy and conducting its 
operations without political interference;
(2) recognizes and maintains the utmost confidence in 
Chairman Jerome Powell and the Board of Governors for their 
continued commitment to data-driven, nonpartisan leadership of 
the Federal Reserve;
(3) urges the President and all executive branch officials 
to respect the statutory independence of the Federal Reserve 
and refrain from any further action or rhetoric that would 
compromise its integrity; and
(4) reaffirms the critical role of the Federal Reserve in 
maintaining a stable economic system that benefits all 
Americans, regardless of political affiliation.
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