An original concurrent resolution relating to the coordination of monetary and fiscal policies.

Summary

Declares that it is the sense of Congress that there should be coordination of fiscal and monetary policy to reduce interest rates and that the Federal Reserve should: (1) continue to guide its behavior by reference to monetary and credit aggregates; (2) follow a monetary policy consistent with a continued reduction of interest rates; and (3) strive for greater stability in the growth rates of the monetary aggregates. Directs the Federal Reserve Board to include in its reports to Congress an analysis of the effects in current and prospective years on credit markets and the economy: (1) of the Federal budgets deficits or surpluses projected for the next three fiscal years in certain presidential and congressional documents; and (2) of alternative deficits or surpluses.

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Timeline

1. 5 October 1983

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 456.

   Source: Calendars

2. 5 October 1983

   Reported

   Committee on Banking. Original measure reported to Senate by Senator Garn. With written report No. 98-263. Additional views filed.

   Source: Committee

3. 5 October 1983

   Reported

   Committee on Banking ordered to be reported an original measure.

   Source: Committee

4. 5 October 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 5 October 1983

  Open at official source

Sponsors

• Sen. Garn, E. J. (Jake) [R-UT] · R · Sponsor
• · ssbk00 · Standing

Related records

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