HRES 281 · 97th Congress · Finance and Financial Sector
A resolution to lower and stabilize interest rates.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on Domestic Monetary Policy.(1981-12-01)
Plain Language Summary
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Directs the President, the Board of Governors of the Federal Reserve System, and Congress to take the following steps to lower and stabilize interest rates: (1) make immediate spending cuts by identifying and eliminating nonessential and low-priority items which may remain in the budget; and (2) increase government revenues by eliminating existing preferences. States that the Board of Governors should responsibly increase the money supply.…
Summarized by Claude AI · Non-partisan · For informational purposes only