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United States · Bill · HR

H.R. 6967 (97th)

Balanced Monetary Policy Act of 1982

referredUnited States· United States Congress· EN

Introduced

11 August 1982

Last action

11 August 1982 · Introduced

Status

Referred to Subcommittee on Domestic Monetary Policy.

Sponsors

Rep. St Germain, Fernand J. [D-RI-1], Rep. Wright, James C., Jr. [D-TX-12], Rep. Reuss, Henry S. [D-WI-5], 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. Fazio, Vic [D-CA-3], Rep. Mineta, Norman Y. [D-CA-15], Rep. Hawkins, Augustus F. [D-CA-29], Rep. Ratchford, William R. [D-CT-5], Rep. Fascell, Dante B. [D-FL-19], Rep. Lehman, William [D-FL-17], Rep. Brinkley, Jack [D-GA-3], Rep. Annunzio, Frank [D-IL-11], Rep. Benjamin, Adam, Jr. [D-IN-1], Sen. Harkin, Tom [D-IA], Rep. Smith, Neal Edward [D-IA-4], Rep. Glickman, Dan [D-KS-4], Rep. Hubbard, Carroll, Jr. [D-KY-1], Rep. Boggs, Corinne C. (Lindy) [D-LA-2], Rep. Dyson, Roy [D-MD-1], Rep. Donnelly, Brian J. [D-MA-11], Rep. Mavroules, Nicholas [D-MA-6], Rep. Ford, William D. [D-MI-13], Rep. Wolpe, Howard E. [D-MI-3], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Florio, James J. [D-NJ-1], Rep. Minish, Joseph G. [D-NJ-11], Rep. Rodino, Peter W., Jr. [D-NJ-10], Rep. Roe, Robert A. [D-NJ-8], Rep. Addabbo, Joseph P. [D-NY-6], Rep. Lundine, Stanley N. [D-NY-34], Rep. Nowak, Henry [D-NY-33], Rep. Peyser, Peter A. [D-NY-23], Rep. Rangel, Charles B. [D-NY-15], Rep. Rosenthal, Benjamin S. [D-NY-8], Rep. Solarz, Stephen J. [D-NY-13], Rep. Zeferetti, Leo C. [D-NY-15], Rep. Hefner, W. G. (Bill) [D-NC-8], Rep. Applegate, Douglas [D-OH-18], Rep. Eckart, Dennis E. [D-OH-11], Rep. Luken, Thomas A. [D-OH-1], Rep. Mottl, Ronald M. [D-OH-23], Rep. Oakar, Mary Rose [D-OH-20], Rep. Seiberling, John F. [D-OH-14], Rep. Shamansky, Bob [D-OH-12]

Subjects

Discovery layer

Source updated

29 August 2025

Official sourceView documentsShare

Summary

Balanced Monetary Policy Act of 1982 - 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 long-term interest rates, and for money and credit aggregates. 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. 11 August 1982

    Referred

    Referred to Subcommittee on Domestic Monetary Policy.

    Source: Committee

  2. 11 August 1982

    Introduced

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

    Source: IntroReferral

  3. 11 August 1982

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 11 August 1982

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

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Related records

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Sources

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