Forum Post: Since I've been asked a few times: My answer to, "How would you fix things?"

Inspiration:

"But it will be asked, are we to have no banks? Are merchants and others to be deprived of the resource of short accommodations, found so convenient? I answer, let us have banks; but let them be such as are alone to be found in any country on earth, except Great Britain. There is not a bank of discount on the continent of Europe (at least there was not one when I was there) which offers anything but cash in exchange for discounted bills."-Thomas Jefferson

United States Code, Title 12

http://uscode.house.gov/download/pls/Title_12.txt

Chapter 2 - Amend to Repeal; see Sec. 21 amendment below.

Sec. 21 - Amend to require current National Banks which were previously facilitated under Chapter 2, opening outline of Organization and General Provisions in Sec. 21, to be thereafter reviewed by the Comptroller of the Currency into restructure which appeases the Board of Governors of the Federal Reserve System for acquisition into Chapter 3 of the same Title.

Sec. 321 - Amend to require all banking institutions to become members of the Federal Reserve System, and no longer an option. All National Banks subsequently become State Banks, Banking Associations, Federal Reserve Banks, or Trust Companies, and as such become regulated by Title 12, Chapter 3, Federal Reserve System.

Sec. 324 - Update penalty values for falsified or erroneous information.

Sec. 326 - Remove financial burden of bank to Federal Reserve for examinations and establish regular fiscal examination of all Banks (members of system) and conducted in regular rotation, not bound by fiscal rollover dates, by a new division of the Board of Governors of the Federal Reserve System for exclusively such action and not to be tasked with any further responsibilities than those established in Sec. 326 alone.

Sec. 328 - Repeal

Sec. 329 - Amend to change requirement of capital stock to require either capital stock or that capital stock of party enterprising for membership as a bank to have been found as successful potential, by the Comptroller of Currency, in short term growth after start-up.

Sec. 341 - Amend to remove First and Second powers (permissions to become corporation) and amend Fourth power to only be permissible as a specific natural person or persons that is the direct representative, or representative board of directors on behalf of the shareholders, of rights , property, and identity of the bank in the given court of law or equity.

Sec. 352 - Amend to state that the Board of Governors of the Federal Reserve System will...rather than "may".

Sec. 374a - Update penalty for violation

Chapter 39 - Repeal

Sec. 1735f-7 - Repeal

United States Code, Title 1

http://uscode.house.gov/download/pls/Title_1.txt

Sec. 1 - Amend to remove corporations, companies, associations, firms, partnerships, and joint stock companies from the inclusion of "person" or "whoever", and replace with a requirement that such identities must list natural persons or natural person of whom is the direct identity and holder of natural rights of the entity corporation, company, association, firm, partnership, or joint stock company.