Rep. Thomas Massie Introduces Bill to Abolish Federal Reserve

The Federal Reserve Board Abolition Act seeks to dismantle the central banking system established in 1913, citing inflation concerns.

The bill, H.R. 8421, aims to abolish the Board of Governors and Federal Reserve banks.
Massie blames the Federal Reserve for devaluing the dollar and causing high inflation.
The bill has garnered support from over a dozen House Republicans.
Massie also introduced a separate bill to audit the Federal Reserve.
This legislative effort revives a proposal first introduced by Ron Paul in 1999.