Summary: H.R.6938 — 97th Congress (1981-1982)All Information (Except Text)

There is one summary for H.R.6938. Bill summaries are authored by CRS.

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Introduced in House (08/05/1982)

Amends the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to transmit to the Congress a monetary early warning report within seven days after the Federal Open Market Committee takes any action which will change existing trend rates of growth of the monetary aggregates. Specifies the contents of such report. Requires revised reports 30 days and 90 days thereafter.