Centennial Monetary Commission Act of 2015

Hozzl · 2023-01-11T13:29:29Z

Explore the details of House Bill 2912 Centennial Monetary Commission Act of 2015 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

1/11/2023, 1:29 PM

Congressional Summary of HR 2912

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Centennial Monetary Commission Act of 2015

(Sec. 3) This bill establishes the Centennial Monetary Commission to: (1) examine how U.S. monetary policy since the creation of the Federal Reserve Board in 1913 has affected the performance of the U.S. economy in terms of output, employment, prices, and financial stability over time; (2) evaluate various operational regimes under which the Board and the Federal Open Market Committee may conduct monetary policy in terms achieving the maximum sustainable level of output and employment and price stability over the long term; (3) evaluate the use of macro-prudential supervision and regulation and of the lender-of-last-resort function of the Board as tools of monetary policy in terms of achieving the maximum sustainable level of output and employment and price stability over the long term; and (4) recommend a course for U.S. monetary policy going forward.

The Commission shall submit to Congress and make publicly available, by December 1, 2016, a report containing a statement of its findings and conclusions.

(Sec. 8) The Commission shall terminate on June 1, 2017.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 2912

Bill HR 2912 is currently in the status of Bill Introduced since June 25, 2015. Bill HR 2912 was introduced during Congress 114 and was introduced to the House on June 25, 2015. Bill HR 2912's most recent activity was Placed on the Union Calendar, Calendar No. 252. as of November 16, 2015

Bipartisan Support of Bill HR 2912

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2912

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

Advisory bodiesCongressional oversightEconomic performance and conditionsFederal Reserve SystemGovernment studies and investigationsInflation and pricesMonetary policy

Alternate Title(s) of Bill HR 2912

Centennial Monetary Commission Act of 2015To establish a commission to examine the United States monetary policy, evaluate alternative monetary regimes, and recommend a course for monetary policy going forward.Centennial Monetary Commission Act of 2015Centennial Monetary Commission Act of 2015

Start holding our government accountable!