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US HR677
Resolution
Status
9/4/2025
Primary Sponsor
Nanette Barragan
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AI Summary
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House Resolution 677 affirms support for the Federal Reserve System's independence in setting monetary policy without political interference
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Expresses confidence in Chairman Jerome Powell and the Board of Governors for their data-driven, nonpartisan leadership
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Urges the President and executive branch officials to respect the Federal Reserve's statutory independence and refrain from actions or rhetoric that would compromise its integrity
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States that presidential attempts to intimidate, override, or remove the Fed Chair for political purposes violate the Federal Reserve Act and undermine global confidence in the U.S. dollar and financial markets
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Introduced September 4, 2025 by Rep. Barragán with 20 Democratic co-sponsors; referred to the House Committee on Financial Services
Legislative Description
Affirming the independence of the Federal Reserve System, its Chairman, and the Board of Governors.
Finance and financial sector
Last Action
Referred to the House Committee on Financial Services.
9/4/2025