HCONRES 160 · 97th Congress · Economics and Public Finance

A concurrent resolution expressing the sense of the Congress with respect to monetary policy, inflation and high interest rates.

Introduced 1981-07-21· Sponsored by Rep. Reuss, Henry S. [D-WI-5]· House

Bill Progress

Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Received in the Senate, and referred to the Committee on Banking.(1981-07-29)

Recorded Votes

PassedHouse · 1981-07-28
Yea 403Nay 17
PassedHouse · 1981-07-28
Yea 403Nay 17

Plain Language Summary

[AI summary unavailable — showing source text] Expresses the sense of Congress that the administration should: (1) take immediate action to reduce the future budget deficit and so permit lower interest rates; (2) design and implement a policy of encouraging the banking system to concentrate available credit on those uses which contribute most to long-term productivity improvement and inflation fighting; and (3) encourage the Federal Reserve to lower interest rates in response to these measures.…

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

Cosponsors (3)

3 Democrats