All Information (Except Text) for S.215 - Federal Reserve Single Mandate Act of 2013113th Congress (2013-2014)
|Sponsor:||Sen. Corker, Bob [R-TN] (Introduced 02/04/2013)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 02/04/2013 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Short Titles - Senate
Short Titles as Introduced
Federal Reserve Single Mandate Act of 2013
Actions Overview (1)
|02/04/2013||Introduced in Senate|
02/04/2013 Introduced in Senate
All Actions (2)
|02/04/2013||Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|
Action By: Senate
|02/04/2013||Sponsor introductory remarks on measure. (CR S471-472)|
Action By: Senate
02/04/2013 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
02/04/2013 Sponsor introductory remarks on measure. (CR S471-472)
|Sen. Vitter, David [R-LA]*||02/04/2013|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Banking, Housing, and Urban Affairs||02/04/2013||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (02/04/2013)
Federal Reserve Single Mandate Act of 2013 - Amends the Federal Reserve Act to eliminate maximum employment and stable prices as goals for the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to promote in maintaining long run growth of monetary and credit aggregates. Replaces such goals with long-term price stability and a low rate of inflation. (Retains the current third goal of moderate long-term interest rates.)
Requires the Board to: (1) establish an explicit numerical definition of the term "long-term price stability," and (2) maintain monetary policy that effectively promotes such long-term price stability.