HRES 281 · 97th Congress · Finance and Financial Sector

A resolution to lower and stabilize interest rates.

Introduced 1981-11-19· Sponsored by Rep. McEwen, Bob [R-OH-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Domestic Monetary Policy.(1981-12-01)

Plain Language Summary

[AI summary unavailable — showing source text] 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