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- S.2247
S.2247: Federal Reserve Modernization Act of 2012
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about economics and public finance
- Introduced March 28, 2012
- Latest Major Action March 28, 2012
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Federal Reserve Modernization Act of 2012 - Amends the Federal Reserve Act (FRA) to direct the Board of Governors of the Federal Reserve System (Board) and the Federal Open Market Committee (FOMC) to: (1) promote the goal of long-term price stability, and (2) establish metrics to evaluate whether long-term price stability is being achieved. Prescribes procedures for the establishment and evaluation of such metrics. Directs the Board and the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
|
| March 28, 2012 |
Introduced in the Senate by Mike Lee (R-Utah) |