Massie Pushes Bold Bill to “End the Fed”

• Rep. Massie reintroduced H.R. 1846 to abolish the Federal Reserve.
• The bill would repeal the 1913 Federal Reserve Act and dissolve Fed entities.
• Sponsors argue the Fed’s policies caused inflation and favored elites.

Massie’s Push to End the Fed

U.S. Congressman Thomas Massie has introduced a new bill aiming to abolish the Federal Reserve. The legislation, known as H.R. 1846, proposes repealing the Federal Reserve Act of 1913 and dissolving both the Federal Reserve Board of Governors and its 12 regional banks. The bill is modeled on similar past efforts, reflecting growing frustration with the central bank’s influence on the economy.

What’s Behind the Movement?

Massie argues that the Federal Reserve has inflated the money supply excessively in recent years, particularly during and after the COVID-19 pandemic. This, he claims, has led to significant price inflation and devaluation of the U.S. dollar. According to Massie, the Fed’s monetary policies benefit large financial institutions and the wealthy, while harming average Americans through reduced purchasing power and rising living costs.

What Could Happen Next?

If passed, the bill would mandate the full dissolution of the Federal Reserve within a year, with all remaining assets and liabilities transferred to the U.S. Treasury. A public audit would follow 18 months after enactment. While the bill may face strong political resistance, it brings renewed attention to the role of the Federal Reserve and how it manages the economy. Critics of the plan warn that sudden changes to monetary policy could destabilize financial markets, while supporters believe ending the Fed is a necessary step to restore fiscal discipline.

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