A bill to provide that any policy change which is adopted by the Board of Governors of the Federal Reserve System or by the Federal Open Market Committee and which will affect interest rates or the supply of money shall be subject to a Congressional disapproval procedure.

referredUnited States· United States Congress· EN

Introduced

6 January 1983

Last action

—

Status

Referred to Subcommittee on Domestic Monetary Policy.

Summary

Amends the Federal Reserve Act to provide for congressional review of any policy change affecting interest rates or the money supply which is adopted by the Board of Governors of the Federal Reserve System or by the Federal Open Market Committee. Allows either House of Congress to veto such policy by adoption of a resolution of disapproval within 60 days after notification of such policy.

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Documents

1 official file

Introduced in House
summary · EN · 6 January 1983
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/house-bill/557
Open data entity: https://api.congress.gov/v3/bill/98/hr/557