Monetary Reform Task Force

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HYBRID PUBLIC MONEY ACT

Table of Contents


Proposal Objectives

Rationale


     Part I: Core Provisions


          Title 1: Government Created Money/EPM Authorization

          Title 2: Infrastructure Development Finance Corporation

          Title 3: Establishment of the Congressional Monetary Authority


     Part II: Additional Applications of debt-free Public Money


          Title 4: Government Shutdown Prevention

          Title 5: Natural Disaster Relief (Hurricanes, Fires, Earthquakes)

          Title 6: Deficit Reduction, cancellation of budget sequestration

          Title 7: Debt Reduction, elimination of Intragovernmental debts


     Part III: New Social and Economic Justice Offices


          Title 8: Establishment of the Office of Public Banking

          Title 9: Establishment of the Office of Full Employment

          Title 10: Establishment of the Office of Poverty Alleviation

          Title 11: Establishment of the Office of Conflict Resolution


     Part IV: Transparency and Accountability of the Federal Reserve System


          Title 12: Periodic GAO Audits of the Federal Reserve System

          Optional Amendment: Monetary History Documentaries


     Part V: Government Owned Central Bank


          Option A: Buy out the Federal Reserve Bank of NY, convert to Public Benefit Corporation, convert other Fed banks to Certified Benefit 
                          Corporations
          Option B: Create new US Central Bank in Washington, D.C., convert all Fed banks to Certified Benefit Corporations

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