American Sovereignty Restoration Act of 2019

This bill directs the President to terminate U.S. membership in the United Nations (U.N.) and all affiliated bodies. It also ends U.S. participation in all U.N. conventions and agreements.

Funds may be appropriated to facilitate U.S. withdrawal from the U.N. No funds may be made available for contribution to or paid to any U.N. body. No member of the U.S. Armed Forces may serve under U.N. command, and no funds may be used to support Armed Forces participation in U.N. military operations.

The bill also repeals diplomatic immunity for officers and employees of the U.N. and for officers and employees of foreign government missions to the U.N.

The bill repeals various acts related to the U.N., including the United Nations Participation Act, the United Nations Headquarters Agreement Act, the United Nations Environment Program Participation Act, and joint resolutions establishing U.S. membership in the World Health Organization and the U.N. Educational, Scientific, and Cultural Organization.

For Immediate Release
Contact: massie.press@mail.house.gov
Contact #: 202-225-3465

WASHINGTON, D.C.- Representative Thomas Massie (R-KY) announces the introduction of H.R. 8421, the Federal Reserve Board Abolition Act. Rep. Massie's legislation abolishes the Board of Governors of the Federal Reserve and the Federal Reserve banks. It also repeals the Federal Reserve Act, the 1913 law that created the Federal Reserve System.

"Americans are suffering under crippling inflation, and the Federal Reserve is to blame," said Rep. Massie. "During COVID, the Federal Reserve created trillions of dollars out of thin air and loaned it to the Treasury Department to enable unprecedented deficit spending. By monetizing the debt, the Federal Reserve devalued the dollar and enabled free money policies that caused the high inflation we see today."

"Monetizing debt is a closely coordinated effort between the White House, Federal Reserve, Treasury Department, Congress, Big Banks, and Wall Street," Rep. Massie continued. "Through this process, retirees see their savings evaporate due to the actions of a central bank pursuing inflationary policies that benefit the wealthy and connected. If we really want to reduce inflation, the most effective policy is to end the Federal Reserve."

The text of Rep. Massie's H.R. 8421 is available at this link.

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