HR 2755 was introduced in the summer of last year. The bill is short and to the point and it would solve the problem of government-induced market bubbles once and for all.
The bill stipulates that the federal reserve banks and the board of governors would be abolished one year after passage, that the federal reserve act is repealed, and all assets of the banks be liquidated. This would have been a pretty dramatic change for our government. The days of easy money for the public and the private sector would be thankfully over.
Had this bill passed last summer, we wouldn't be talking about a $700 billion bailout today because such a bailout wouldn't be possible. It not have been necessary. The market would have actually gotten to correct itself, rather than allowing politicians to funnel money to their friends and stick the taxpayer with the bill. It would have been be the closest thing to a free market this country had seen since the days of the founding fathers.
Write your congresscritters right now! Tell them to bring HR 2755 back to the floor for discussion and a vote!