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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Federal Reserve Single Mandate Act of 2013

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to ensure that the Federal Reserve conducts its policies to ensure long-term price stability and a low rate of inflation.

Actions Overview (1)

02/04/2013Introduced in Senate

All Actions (2)

02/04/2013Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Action By: Senate
02/04/2013Sponsor introductory remarks on measure. (CR S471-472)
Action By: Senate

Cosponsors (1)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Vitter, David [R-LA]* 02/04/2013

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Banking, Housing, and Urban Affairs02/04/2013 Referred to

No related bill information was received for S.215.

Subjects (5)

Latest Summary (1)

There is one summary for S.215. View summaries

Shown Here:
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.