Summary: S.1598 — 97th Congress (1981-1982)All Information (Except Text)

There is one summary for S.1598. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (09/09/1981)

National Commission on Interest Rates Act - Establishes, as an independent instrumentality of the United States, a National Commission on Interest Rates. Directs the Commission, in consultation with the Board of Governors of the Federal Reserve System, to make a full and complete investigation of and make recommendations with respect to ways to establish moderate and stable interest rates.

Directs the Commission to submit an interim and a final written report to the President and Congress concerning its investigation within a specified time limit. Terminates the Commission 60 days after it submits its final report to Congress.

Directs any Federal agency, upon the request of the Commission, to furnish the Commission with available data, reports, and other information to the extent permitted by law.

Permits the head of any Federal agency, department, or other instrumentality, upon the request of the Commission, to furnish personnel and services to the Commmission, with or without reimbursement.

Authorizes appropriations.