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United States · Resolution · SCONRES

S.Con.Res. 18 (94th)

A concurrent resolution referring to the conduct of monetary policy.

referredUnited States· United States Congress· EN

Introduced

12 February 1975

Last action

12 February 1975 · Introduced

Status

Referred to Senate Committee on Banking, Housing and Urban Affairs.

Sponsors

Sen. Proxmire, William [D-WI], Sen. Magnuson, Warren G. [D-WA], Sen. Jackson, Henry M. [D-WA], Sen. Humphrey, Hubert H. [D-MN], Sen. Abourezk, James [D-SD], Sen. Bayh, Birch [D-IN], Sen. Buckley, James L. [R-NY], Sen. Cranston, Alan [D-CA], Sen. Haskell, Floyd K. [D-CO], Sen. Long, Russell B. [D-LA], Sen. McGee, Gale W. [D-WY], Sen. McGovern, George [D-SD], Sen. Mondale, Walter F. [D-MN], Sen. Ribicoff, Abraham A. [D-CT], Sen. Tunney, John V. [D-CA], Sen. Williams, Harrison A., Jr. [D-NJ]

Subjects

Discovery layer

Source updated

14 January 2025

Official sourceView documentsShare

Summary

Directs the Board of Governors of the Federal Reserve, and the Federal Open Market Committee to: (1) take action in the first half of 1975 to increase the money supply in order to promote economic recovery; and (2) maintain growth of the money supply commensurate with production, in order to maximize employment and stabilize prices. Requires the Federal Reserve to consult with Congress at semiannual hearings before the Committees on Banking concerning its money supply growth targets and other monetary policy actions required in the upcoming six months.

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Timeline

  1. 12 February 1975

    Introduced

    Referred to Senate Committee on Banking, Housing and Urban Affairs.

    Source: IntroReferral

  2. 12 February 1975

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

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Sources

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