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United States · Bill · HR

H.R. 4024 (97th)

A bill to provide the President with greater control over the Board of Governors of the Federal Reserve System.

referredUnited States· United States Congress· EN

Introduced

25 June 1981

Last action

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Status

Referred to Subcommittee on Domestic Monetary Policy.

Sponsors

—

Subjects

Discovery layer

Source updated

6 February 2024

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Summary

Amends the Federal Reserve Act to make the terms of the members of the Federal Reserve Board concurrent with the term of the President who appoints them. Authorizes the President to remove a member for cause. Abolishes the Federal Open Market Committee.

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Documents

1 official file

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