United States · Bill · HR
H.R. 773 (97th)
Board of Governors Modernization Act of 1981
Introduced
6 January 1981
Last action
—
Status
Referred to Subcommittee on Domestic Monetary Policy.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
Summary
Board of Governors Modernization Act of 1981 - Amends the Federal Reserve Act to eliminate the Federal Open Market Committee and to place authority for the conduct of open-market operations in the Board of Governors of the Federal Reserve System. Requires the Board of Governors to consult fully with the twelve Presidents of the Federal Reserve District Banks on open market operations.
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 6 January 1981
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/97th-congress/house-bill/773
- Open data entity: https://api.congress.gov/v3/bill/97/hr/773