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United States · Bill · HR

H.R. 2546 (98th)

Balanced Monetary Policy Act of 1983

openUnited States· United States Congress· EN

Introduced

13 April 1983

Last action

9 June 1983 · Committee

Status

Subcommittee Hearings Held.

Sponsors

Rep. St Germain, Fernand J. [D-RI-1], Rep. Wright, James C., Jr. [D-TX-12], Rep. Foley, Thomas S. [D-WA-5], Rep. Alexander, Bill [D-AR-1], Rep. Murtha, John P. [D-PA-12], Rep. Flippo, Ronnie G. [D-AL-5], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Perkins, Carl Dewey [D-KY-7], Del. de Lugo, Ron [D-VI-At Large], Sen. Daschle, Thomas A. [D-SD], Rep. Howard, James J. [D-NJ-3], Rep. Bryant, John W. [D-TX-5], Rep. Dymally, Mervyn M. [D-CA-31], Rep. Roe, Robert A. [D-NJ-8], Rep. Frank, Barney [D-MA-4], Rep. Bennett, Charles E. [D-FL-3], Rep. Anderson, Glenn M. [D-CA-32], Rep. Frost, Martin [D-TX-24], Rep. Murphy, Austin J. [D-PA-20], Rep. Coyne, William J. [D-PA-14], Rep. Rodino, Peter W., Jr. [D-NJ-10], Rep. Smith, Lawrence [D-FL-16], Rep. Eckart, Dennis E. [D-OH-11], Rep. Kennelly, Barbara B. [D-CT-1], Sen. Dorgan, Byron L. [D-ND], Rep. Patman, William N. [D-TX-14], Rep. Fascell, Dante B. [D-FL-19], Rep. Dowdy, Wayne [D-MS-4], Rep. Annunzio, Frank [D-IL-11], Rep. Garcia, Robert [D-NY-18], Rep. Smith, Neal Edward [D-IA-4], Rep. Vandergriff, Tommy J. [D-TX-26], Rep. Nowak, Henry [D-NY-33], Rep. Dingell, John D. [D-MI-12], Rep. Wilson, Charles [D-TX-2], Rep. Kogovsek, Ray [D-CO-3], Rep. Berman, Howard L. [D-CA-28], Rep. McNulty, James F., Jr. [D-AZ-5], Rep. Ratchford, William R. [D-CT-5], Rep. Ford, William D. [D-MI-13], Rep. Hughes, William J. [D-NJ-2], Rep. Kaptur, Marcy [D-OH-9], Sen. Mikulski, Barbara A. [D-MD], Rep. Edgar, Robert W. [D-PA-7], Rescom. Corrada, Baltasar [I-PR-At Large], Rep. Hance, Kent R. [D-TX-19], Rep. Tallon, Robert M. (Robin) [D-SC-6], Rep. Huckaby, Thomas J. (Jerry) [D-LA-5]

Subjects

Discovery layer

Source updated

29 August 2025

Official sourceView documentsShare

Summary

Balanced Monetary Policy Act of 1983 - Amends the Federal Reserve Act to require the Board of Governors and the Federal Open Market Committee of the Federal Reserve System to establish yearly targets for money and total credit aggregates and for real interest rates consistent with historic levels. Requires the Board and the Federal Open Market Committee to take necessary actions to assure that such targets are achieved, on average, on an annual basis. Requires a written report to specified Congressional committees if such targets cannot or should not be achieved because of unfavorable economic conditions. Requires the Board of Governors to transmit specified information to Congress biannually. Requires the Board to announce publicly changes in objectives and plans at the time those changes are determined. Requires the President to state for the System's record the administration's position on each vote on monetary policy taken by the Board and by the Federal Open Market Committee.

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

Timeline

  1. 13 April 1983

    Introduced

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

    Source: IntroReferral

  2. 13 April 1983

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 13 April 1983

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 2 May 1983

    Referred

    Referred to Subcommittee on Domestic Monetary Policy.

    Source: Committee

  5. 9 June 1983

    Committee

    Subcommittee Hearings Held.

    Source: Committee

Votes

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Versions

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Documents

1 official file

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Sponsors

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Related records

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Sources

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