My proposal for a bill:

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The Federal Reserve Act shall be amended as follows:

<a href="http://www.federalreserve.gov/aboutthefed/section2a.htm">Section 2A</a> shall replace everything after "maintain" with "purchasing power." The amended Section in its entirety shall read:

"The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain purchasing power."

Purchasing power shall be understood to mean percent of income spent on expenses. The Fed is directed to examine indexation schemes to maintain purchasing power.

<a href="http://www.federalreserve.gov/aboutthefed/section13.htm">Section 13</a> shall be amended to add a paragraph, Paragraph 15, which shall read:

"The Board of Governors is directed to implement a basic income of $2000 per month for any individual who asks for it. It is suggested that the Board look into the provisions of Section 13 (13): loans at a suitable negative interest rate could be used to structure a monthly deposit of $2000 in an account for requesting individuals. The monthly amount shall be indexed in the manner decided upon in Section 2A."