H.R. 2547 · 108th Congress
Price Stability Act of 2003
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
SaxtonSponsorNo cosponsors.
Price Stability Act of 2003- Declares that the primary and overriding goal of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee with regard to monetary policy shall be the achievement of price stability.
What it does: CRS summary · Introduced in House · Jun 19, 2003
Price Stability Act of 2003- Declares that the primary and overriding goal of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee with regard to monetary policy shall be the achievement of price stability.
Authorizes the Board and the Committee to suspend such goal if the Committee, by a majority vote, and the President jointly determine such suspension necessary due to an emergency.
Instructs the Board and the Committee to establish a definition of the goal of price stability using prescribed criteria.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Price Stability Act of 2003
Latest action (Jul 7, 2003): Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Policy area: Economics and Public Finance · Origin: House · Introduced: Jun 19, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.