FOR IMMEDIATE RELEASE:
March 1, 2024
Contact: Press_Paul@paul.senate.gov, 202-224-4343

WASHINGTON, D.C. – Yesterday, U.S. Senator Rand Paul (R-KY) forced a Senate vote on his amendment to a temporary government funding bill which would prevent government bailouts of mismanaged states across the United States.

Dr. Paul’s amendment prohibits the Federal Reserve from purchasing or selling state and municipal debt. Additionally, it prevents the central bank from circumventing Congress to unilaterally provide a financial bailout of profligate states, the costs of which would be borne by the taxpayers through the form of forced subsidized losses or through the hidden tax of inflation.

You can read Dr. Paul’s amendment HERE.

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