In March, Kevin Brady (R-TX) introduced H.R.4180 (Sound Dollar Act) and Mike Lee (R-UT) introduced a companion bill (S.2247 Federal Reserve Modernization Act) in the Senate. These two bills are actually seven pieces of legislation, put into a single bill. There is nothing in this bill that would prevent the Federal Reserve from continuing to inflate the currency. Nothing to prevent future cycles of “boom and bust.” The “Sound Dollar Act” is another misnamed piece of legislation designed to trick the American people into supporting bad legislation.
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