Price Stability Act of 1997

Summary

Price Stability Act of 1997 - Declares that the primary and overriding goal of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee with regard to monetary policy shall be the achievement of price stability. Authorizes the Board and the Committee to suspend such goal if the Committee, by unanimous vote, and the President jointly determine such suspension necessary due to a public interest exigency. Instructs the Board and the Committee to establish an explicit numerical definition of the goal of price stability using prescribed criteria.

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

Timeline

1. 31 July 1997

   Introduced

   Referred to the House Committee on Banking and Financial Services.

   Source: IntroReferral

2. 31 July 1997

   Introduced

   Introduced in House

   Source: IntroReferral

3. 31 July 1997

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 August 1997

   Referred

   Referred to the Subcommittee on Domestic and International Monetary Policy.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 31 July 1997 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 31 July 1997

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 31 July 1997

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 31 July 1997

  Open at official source

Sponsors

• Rep. Saxton, Jim [R-NJ-13] · R · Sponsor
• Rep. Armey, Richard K. [R-TX-26] · R · Cosponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.