To amend the Federal Reserve Act to remove the power of Federal reserve banks to buy and sell municipal securities, and for other purposes.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Domestic Monetary Policy and Technology.
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