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United States · Bill · HJRES

H.J.Res. 319 (97th)

A joint resolution directing the President to consult with the Governors of the Federal Reserve System for the purpose of substantially reducing interest rates within the next ninety (90) days; and to report to the Congress the results of those consultations within thirty (30) days.

referredUnited States· United States Congress· EN

Introduced

9 September 1981

Last action

9 October 1981 · Referred

Status

Referred to Subcommittee on Domestic Monetary Policy.

Sponsors

Rep. Alexander, Bill [D-AR-1], Rep. Roe, Robert A. [D-NJ-8], Rep. Rodino, Peter W., Jr. [D-NJ-10], Rep. Murphy, Austin J. [D-PA-20], Rep. Perkins, Carl Dewey [D-KY-7], Rep. Bowen, David R. [D-MS-2], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Anthony, Beryl, Jr. [D-AR-4], Rep. AuCoin, Les [D-OR-1], Rep. Jones, Ed [D-TN-8], Rep. Eckart, Dennis E. [D-OH-11], Rep. Smith, Joseph F. [D-PA-3], Rep. Yatron, Gus [D-PA-6], Rep. Mavroules, Nicholas [D-MA-6], Rep. Edwards, Don [D-CA-10], Rep. Mitchell, Parren J. [D-MD-7], Rep. Smith, Neal Edward [D-IA-4], Rep. Fazio, Vic [D-CA-3], Rep. Edgar, Robert W. [D-PA-7], Rep. Ford, William D. [D-MI-13], Rep. Rahall, Nick J., II [D-WV-3], Rep. Hubbard, Carroll, Jr. [D-KY-1], Rep. Watkins, Wes [R-OK-3], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Vento, Bruce F. [D-MN-4], Rep. Glickman, Dan [D-KS-4], Rep. Hughes, William J. [D-NJ-2], Rep. Dowdy, Wayne [D-MS-4], Rep. Danielson, George E. [D-CA-30], Sen. Daschle, Thomas A. [D-SD], Rep. Frost, Martin [D-TX-24], Rep. Hefner, W. G. (Bill) [D-NC-8], Rep. Guarini, Frank J. [D-NJ-14], Rep. Seiberling, John F. [D-OH-14], Sen. Dorgan, Byron L. [D-ND], Rep. Blanchard, James [D-MI-18], Rep. Conyers, John, Jr. [D-MI-13], Rep. Weaver, James H. [D-OR-4]

Subjects

Discovery layer

Source updated

6 February 2024

Official sourceView documentsShare

Summary

Directs the President to immediately begin consultation with the Board of Governors of the Federal Reserve System for the purpose of modifying the Board of Governors' monetary policy to significantly reduce interest rates within the next 90 days. Requires such consultations to include modifications in the areas of: (1) reserve requirements; (2) Federal Open Market Committee activities; and (3) the federal Reserve discount rate; and (4) preventing diversion of substantial sums of available credit and capital for nonproductive purposes.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 9 September 1981

    Introduced

    Referred to House Committee on Banking, Finance and Urban Affairs.

    Source: IntroReferral

  2. 9 September 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 9 September 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 9 October 1981

    Referred

    Referred to Subcommittee on Domestic Monetary Policy.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

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Sponsors

Related records

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Sources

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