A bill to provide for steady, noninflationary growth in the money supply.

Summary

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 of demand deposits and currency in circulation approximately equal to the long-run growth in real national product.

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

Timeline

1. 15 January 1979

   Introduced

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

   Source: IntroReferral

2. 15 January 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 January 1979

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 15 January 1979

  Open at official source

Sponsors

• Rep. Hansen, George V. [R-ID-2] · R · Sponsor
• · hsba00 · Standing

Related records

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