HCONRES 44 · 97th Congress · Finance and Financial Sector

A concurrent resolution expressing the sense of the Congress that the Board of Governors of the Federal Reserve System should reverse its policy of manipulating the discount rate to cause increased interest rates which result in higher unemployment and economic dislocations.

Introduced 1981-01-29· Sponsored by Rep. Mottl, Ronald M. [D-OH-23]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Domestic Monetary Policy.(1981-03-09)

Plain Language Summary

[AI summary unavailable — showing source text] Expresses the sense of the Congress that the Board of Governors of the Federal Reserve System should reverse its present policy of adjusting the discount rate to cause increased interest rates and should instead pursue a policy of stable interest rates at lower affordable levels.…

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

Cosponsors (13)

8 Democrats5 Republicans