HR 344 112th Congress House

FREE Act of 2011

Official title: To amend the Federal Reserve Act to remove the power of Federal reserve banks to buy and sell municipal securities, and for other purposes.

Introduced: March 8, 2011 See on congress.gov

Economics and Public Finance Banking and financial institutions regulationIntergovernmental relationsSecuritiesState and local finance

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 23, 2011

Referred to the Subcommittee on Domestic Monetary Policy and Technology.

Jan 19, 2011

Referred to the House Committee on Financial Services.

Jan 19, 2011

Introduced in House

Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

Latest action March 23, 2011

Referred to the Subcommittee on Domestic Monetary Policy and Technology.

Plain-English summary Congressional Research Service

Fiscal Responsibility Effective Enforcement Act of 2011 or FREE Act of 2011 - Amends the Federal Reserve Act to repeal the authority of a federal reserve bank to buy or sell bills, notes, revenue bonds, or warrants with a maturity date of six months issued by state or local governments, including municipalities and irrigation, drainage, and reclamation districts.

Bill text 1 version