HR 2547 · 108th Congress · Economics and Public Finance

Price Stability Act of 2003

Introduced 2003-06-19· Sponsored by Rep. Saxton, Jim [R-NJ-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.(2003-07-07)

Plain Language Summary

[AI summary unavailable — showing source text] Price Stability Act of 2003- Declares that the primary and overriding goal of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee with regard to monetary policy shall be the achievement of price stability. Authorizes the Board and the Committee to suspend such goal if the Committee, by a majority vote, and the President jointly determine such suspension necessary due to an emergency. Instructs the Board and the Committee to establish a definition of the goal of price stability using prescribed criteria.…

Summarized by Claude AI · Non-partisan · For informational purposes only