A resolution expressing the sense of the Senate that the Board of Governors of the Federal Reserve System and the Federal Open Market Committee should take immediate steps to lower interest rates to support economic growth, job creation, and affordability for American families and businesses.
About This Bill
Committee
Latest Action · July 30, 2025
Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S4909: 1)
S.Res. 347 is a Senate resolution expressing support for the Federal Reserve to lower interest rates as soon as possible. The resolution argues that high interest rates have made borrowing more expensive for families trying to buy homes or start businesses, increased the cost of goods and services, and slowed economic growth and job creation. The resolution cites arguments that lower rates would stimulate investment and that current economic conditions—including low inflation and strong business investment—support a rate reduction. While the resolution acknowledges the Federal Reserve's independence from Congress, it urges the Federal Reserve's Board of Governors and its policy committee to prioritize rate cuts. This is a non-binding resolution expressing the Senate's position rather than legislation that forces any action, and there is no specific funding or timeline involved.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.