HR 1653 · 97th Congress · Economics and Public Finance

Money Supply and Inflation Control Act

Introduced 1981-02-04· Sponsored by Rep. Neal, Stephen L. [D-NC-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Domestic Monetary Policy.(1981-03-02)

Plain Language Summary

[AI summary unavailable — showing source text] Money Supply and Inflation Control Act - Amends the Federal Reserve Act to require that the time, character, and volume of all purchases and sales of paper eligible for open-market operations be governed with a view to reducing inflation and preventing recession by establishing the growth of the money supply as specified by this Act.…

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