Medicaid Bump Act

Senate Bill

S. 2410

119th Congress

Medicaid Bump Act

In Committee

Introduced:Jul 23, 2025

Primary Sponsor

Cindy Hyde-Smith

Senator

Republican

MS

Cosponsors

0

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill places limits on the size and activities of the Federal Reserve, the central banking system of the United States. It caps the total assets held by the Federal Reserve at 10% of the U.S. gross domestic product, eliminates a facility used for monetary policy, and sets minimum requirements for bank reserve levels.

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

SponsorCindy Hyde-Smith (R-MS)

Introduced7/23/2025

StatusRead twice and referred to the Committee on Finance.

ChamberSenate

Data from Congress.gov

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Vote Prediction

Medicaid Bump Act

This bill places limits on the size and activities of the Federal Reserve, the central banking system of the United States. It caps the total assets held by the Federal Reserve at 10% of the U.S. gross domestic product, eliminates a facility used for monetary

Community Breakdown

Pass

0%

Fail

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0 predictions

This bill places limits on the size and activities of the Federal Reserve, the central banking system of the United States. It caps the total assets held by the Federal Reserve at 10% of the U.S. gross domestic product, eliminates a facility used for monetary policy, and sets minimum requirements for bank reserve levels.

Bill Number: 2410
Sponsor: Cindy Hyde-Smith (R-MS)
Introduced: 7/23/2025
Status: Read twice and referred to the Committee on Finance.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Medicaid Bump Act
Bill Number: 2410
Sponsor: Cindy Hyde-Smith (R-MS)
Status: Read twice and referred to the Committee on Finance.
Introduced: 7/23/2025
Summary: This bill places limits on the size and activities of the Federal Reserve, the central banking system of the United States. It caps the total assets held by the Federal Reserve at 10% of the U.S. gross domestic product, eliminates a facility used for monetary policy, and sets minimum requirements fo

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill places limits on the size and activities of the Federal Reserve, the central banking system of the United States. It caps the total assets held by the Federal Reserve at 10% of the U.S. gross domestic product, eliminates a facility used for monetary policy, and sets minimum requirements for bank reserve levels.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Right-size the Federal Reserve ActThis bill places restrictions on the Federal Reserve System, including by placing a cap on specified assets, eliminating a Federal Reserve Board facility, and setting forth conditions on bank reserve requirements.The bill places a cap on the total aggregate assets of all Federal Reserve banks. Specifically, these assets must not amount to more than 10% of the U.S. gross domestic product. This cap takes effect 10 years after the bill’s enactment.The bill also eliminates the Overnight Reverse Repurchase Facility, a board facility that conducts monetary policy through security repurchase agreements.The board’s depository institution reserves requirements must not be lower than the reserve requirements as of March 25, 2020. The board and each Federal Reserve bank must annually report on certain interest payments to foreign-owned banks and financial institutions.

Key Points

Main provisions of the bill

Caps the total assets held by the Federal Reserve at 10% of U.S. GDP
Eliminates the Overnight Reverse Repurchase Facility, a tool used by the Federal Reserve for monetary policy
Requires the Federal Reserve to maintain bank reserve requirements at or above the levels in place as of March 2020

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would significantly restrict the tools and flexibility of the Federal Reserve in managing the U.S. economy and monetary policy. This could impact things like interest rates, inflation, and access to credit for businesses and consumers.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2410, 119th Congress (2025). "Medicaid Bump Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2410

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