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

USA119th CongressHRES-677| House 
| Updated: 9/4/2025
Nanette Diaz Barragán

Nanette Diaz Barragán

Democratic Representative

California

Cosponsors (26)
Yassamin Ansari (Democratic)Laura Friedman (Democratic)John Garamendi (Democratic)Kelly Morrison (Democratic)Jared Huffman (Democratic)Robin L. Kelly (Democratic)Julie Johnson (Democratic)Mark Pocan (Democratic)Ed Case (Democratic)Debbie Dingell (Democratic)Andrea Salinas (Democratic)Angie Craig (Democratic)Shri Thanedar (Democratic)Ted Lieu (Democratic)André Carson (Democratic)Daniel S. Goldman (Democratic)Pramila Jayapal (Democratic)Timothy M. Kennedy (Democratic)James P. McGovern (Democratic)Cleo Fields (Democratic)Seth Magaziner (Democratic)Deborah K. Ross (Democratic)Suzanne Bonamici (Democratic)Jared Moskowitz (Democratic)Nancy Pelosi (Democratic)Judy Chu (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This resolution from the House of Representatives strongly affirms the independence of the Federal Reserve System , its Chairman, and the Board of Governors in setting monetary policy and conducting operations without political interference. It highlights the Fed's crucial role as the central bank in maintaining financial stability, managing inflation, and promoting maximum employment, free from short-term political pressure. The resolution expresses utmost confidence in Chairman Jerome Powell and the Board of Governors for their continued commitment to data-driven, nonpartisan leadership. It explicitly urges the President and all executive branch officials to respect the Federal Reserve's statutory independence and to refrain from any actions or rhetoric that could compromise its integrity. Ultimately, the resolution reaffirms the Federal Reserve's critical function in ensuring a stable economic system that benefits all Americans.
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Timeline
Sep 4, 2025
Submitted in House
Sep 4, 2025
Referred to the House Committee on Financial Services.
  • September 4, 2025
    Submitted in House


  • September 4, 2025
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

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

USA119th CongressHRES-677| House 
| Updated: 9/4/2025
This resolution from the House of Representatives strongly affirms the independence of the Federal Reserve System , its Chairman, and the Board of Governors in setting monetary policy and conducting operations without political interference. It highlights the Fed's crucial role as the central bank in maintaining financial stability, managing inflation, and promoting maximum employment, free from short-term political pressure. The resolution expresses utmost confidence in Chairman Jerome Powell and the Board of Governors for their continued commitment to data-driven, nonpartisan leadership. It explicitly urges the President and all executive branch officials to respect the Federal Reserve's statutory independence and to refrain from any actions or rhetoric that could compromise its integrity. Ultimately, the resolution reaffirms the Federal Reserve's critical function in ensuring a stable economic system that benefits all Americans.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 4, 2025
Submitted in House
Sep 4, 2025
Referred to the House Committee on Financial Services.
  • September 4, 2025
    Submitted in House


  • September 4, 2025
    Referred to the House Committee on Financial Services.
Nanette Diaz Barragán

Nanette Diaz Barragán

Democratic Representative

California

Cosponsors (26)
Yassamin Ansari (Democratic)Laura Friedman (Democratic)John Garamendi (Democratic)Kelly Morrison (Democratic)Jared Huffman (Democratic)Robin L. Kelly (Democratic)Julie Johnson (Democratic)Mark Pocan (Democratic)Ed Case (Democratic)Debbie Dingell (Democratic)Andrea Salinas (Democratic)Angie Craig (Democratic)Shri Thanedar (Democratic)Ted Lieu (Democratic)André Carson (Democratic)Daniel S. Goldman (Democratic)Pramila Jayapal (Democratic)Timothy M. Kennedy (Democratic)James P. McGovern (Democratic)Cleo Fields (Democratic)Seth Magaziner (Democratic)Deborah K. Ross (Democratic)Suzanne Bonamici (Democratic)Jared Moskowitz (Democratic)Nancy Pelosi (Democratic)Judy Chu (Democratic)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted