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.
Bill Progress
✓
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: 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