HR 4024 · 97th Congress · Finance and Financial Sector

A bill to provide the President with greater control over the Board of Governors of the Federal Reserve System.

Introduced 1981-06-25· 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.(1981-07-06)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Federal Reserve Act to make the terms of the members of the Federal Reserve Board concurrent with the term of the President who appoints them. Authorizes the President to remove a member for cause. Abolishes the Federal Open Market Committee.…

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