H.R. 3541 · 114th Congress
Full Employment Federal Reserve Act of 2015
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ConyersSponsor15 cosponsors · 15 D
D
Ellison
SJ
D
Jackson Lee
HJ
D
Johnson
MK
D
Kaptur
DP
D
Payne
FW
D
Wilson
MP
D
Pocan
SC
D
Cohen
AH
D
Hastings
JS
D
Serrano
YC
D
Clarke
EN
D
Norton
BS
D
Sherman
WC
D
Clay
JG
D
Garamendi6 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Federal Reserve Act with respect to the duty of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee (FOMC) to promote maximum employment and stable prices.
What it does: CRS summary · Introduced in House · Sep 17, 2015
The Full Employment Federal Reserve Act of 2015
This bill amends the Federal Reserve Act with respect to the duty of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee (FOMC) to promote maximum employment and stable prices.
The bill defines "maximum employment" as an economy with an unemployment rate of at most 4% that generally includes a labor market in which median wages are rising with worker productivity, job seekers can find work, and involuntary part-time work is at a minimum.
The Board and the FOMC are also directed to promote a stable rate of inflation (instead of stable prices) as part of long run growth.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Full Employment Federal Reserve Act of 2015
Latest action (Sep 17, 2015): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Sep 17, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.