I love these idiots who don't know a simple definition.
Insolvent: unable to pay debts owed.
What debts does the Fed owe? They pay 0.5% on bank reserves. The bonds they hold pay 2%-4%.
The bonds they hold are guaranteed. They turned over more than $100 billion to the US Treasury last year.
MyRA Act, which would charge a penalty to employers whose workers dont have a retirement account.
MyRA was created for people who don't have an employee plan. There is no penalty involved.
This is the first I have heard of the MyRA Act. This is not my area of expertise, but I did find the following. Check out page 3.
https://www.govtrack.us/congress/bills/114/hr4491/text