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- S.611
S.611: Economic Growth and Price Stability Act of 1997
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about congress
- Introduced April 17, 1997
- Latest Major Action April 17, 1997
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
10 (All Republicans)
Bill Summary
Economic Growth and Price Stability Act of 1997 - Amends the Federal Reserve Act to repeal the mandate of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to maintain long run growth of monetary and credit aggregates in order to promote maximum employment, stable prices, and moderate long-term interest rates. Replaces such mandate with a mandate to: (1) establish an explicit numerical definition of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Banking.
|
|
| April 17, 1997 |
Introduced in the Senate by Connie Mack (R-Fla.) |