United States · Bill · HR
H.R. 3833 (96th)
Money Supply Control Act of 1979
Introduced
1 May 1979
Last action
—
Status
Referred to House Committee on Banking, Finance and Urban Affairs.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Money Supply Control Act of 1979 - Amends the Federal Reserve Act to require that the time, character, and volume of all purchases and sales of paper eligible for open-market operations be governed with a view to: (1) maintaining a constant general level of domestic prices; (2) avoiding destabilizing changes in total purchasing power; and (3) fostering a steady growth in the aggregate currency in circulation plus all deposit balances at commercial banks less the demand deposits of foreign commercial banks and official institutions.
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 1 May 1979
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/96th-congress/house-bill/3833
- Open data entity: https://api.congress.gov/v3/bill/96/hr/3833