SCONRES 25 · 98th Congress · Finance and Financial Sector

A concurrent resolution expressing the sense of the Congress that the Federal Reserve System should continue to promote a reduction in interest rates.

Introduced 1983-04-15· Sponsored by Sen. Garn, E. J. (Jake) [R-UT]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to the Committee on Banking.(1983-04-15)

Plain Language Summary

[AI summary unavailable — showing source text] Declares that it is the sense of Congress that the Federal Reserve System, in conducting monetary policy for 1983, should continue to promote a reduction in interest rates consistent with sustainable economic growth and without rekindling inflation. Declares that the Federal Reserve System should permit reductions in interest rates resulting from reduced projected budget deficits without attempting to offset these reductions through a more restrictive monetary policy.…

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

Cosponsors (1)

1 Democrat