Limit and wind down the Federal Reserve balance sheet
What the document says“Federal Reserve balance sheet purchases should be limited by Congress, and the Federal Reserve’s existing balance sheet should be wound down as quickly as is prudent”
The chapter asks that the balance sheet return to levels similar to those before the 2008 crisis, and that the central bank be barred from further purchases of mortgage-backed securities and wind down its holdings by selling them or letting them mature without replacement.
What the document actually says“Federal Reserve balance sheet purchases should be limited by Congress, and the Federal Reserve’s existing balance sheet should be wound down as quickly as is prudent”
Congress should cap what the Fed buys. What it already holds should be sold off.
The Fed bought huge amounts of bonds after 2008. It still holds them. The book says it should sell them off.
Read against the documents indexed here on August 26, 2026, and nothing was found that answers this. Nothing indexed limits the Federal Reserve's asset purchases or directs the balance sheet to be reduced, and no bill of that kind appears among the laws indexed here. The candidates are unrelated, covering a controlled substances ordering form, the rescission of a public lands rule, and immigration enforcement authorities. That is a record of a search, not a finding that nothing has happened: an act this site does not hold, or one that answers the proposal in words unlike its own, would not be caught by it.