HR 1569 · 98th Congress · Economics and Public Finance

Balanced Full Growth Monetary Policy Act of 1983

Introduced 1983-02-22· Sponsored by Del. Fauntroy, Walter E. [D-DC-At Large]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Subcommittee Hearings Held.(1983-05-11)

Plain Language Summary

[AI summary unavailable — showing source text] Balanced Full Growth Monetary Policy Act of 1983 - Amends the Federal Reserve Act to require the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to transmit to Congress semiannually their objectives for growth or diminution of the gross national product, real growth, and inflation. Requires the Board of Governors and the Committee to set forth their plans with respect to meeting such objectives. Requires that any revision to, or deviation from, such objectives be reported to the House and Senate Banking Committees within 45 days after such revision or deviation takes effect.…

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