Directing the Federal Open Market Committee of the Federal Reserve System to adopt and pursue monetary policies leading to, and then maintaining, zero inflation.

referredUnited States· United States Congress· EN

Introduced

5 January 1993

Last action

14 January 1993 · Referred

Status

Referred to the Subcommittee on Economic Growth and Credit Formation.

Summary

Directs the Federal Open Market Committee of the Federal Reserve System to pursue monetary policies to gradually reduce inflation, eliminating it within five years, and maintain price stability. States that inflation will be deemed to be eliminated when the expected rate of price changes ceases to be a factor in individual and business decisionmaking. Directs the Board of Governors of the Federal Reserve System to explain in its semiannual report to the Congress the relationship of its monetary policy plans to the maintenance of price stability.

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Timeline

5 January 1993
Introduced
Referred to the House Committee on Banking, Finance + Urban Affrs.
Source: IntroReferral
5 January 1993
Introduced
Introduced in House
Source: IntroReferral
5 January 1993
Introduced
Introduced in House
Source: IntroReferral
14 January 1993
Referred
Referred to the Subcommittee on Economic Growth and Credit Formation.
Source: Committee

Votes

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Versions

Introduced in House · 5 January 1993 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 5 January 1993
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Introduced in House (PDF)
Introduced in House · EN · 5 January 1993
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Introduced in House
summary · EN · 5 January 1993
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

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Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/103rd-congress/house-joint-resolution/55
Open data entity: https://api.congress.gov/v3/bill/103/hjres/55
us · 103-hjres-55 · source updated 2 January 2025