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Centennial Monetary Commission Act of 2015

1/11/2023, 1:30 PM

Congressional Summary of S 1786

Centennial Monetary Commission Act of 2015

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; and (3) recommend a course for U.S. monetary policy going forward.

The Commission shall evaluate as a tool of monetary policy: (1) macro-prudential supervision and regulation, and (2) the lender-of-last-resort function of the Board.

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Current Status of Bill S 1786

Bill S 1786 is currently in the status of Bill Introduced since July 16, 2015. Bill S 1786 was introduced during Congress 114 and was introduced to the Senate on July 16, 2015.  Bill S 1786's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5172-5173) as of July 16, 2015

Bipartisan Support of Bill S 1786

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 1786

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Advisory bodies
- Congressional oversight
- Economic performance and conditions
- Federal Reserve System
- Government studies and investigations
- Inflation and prices
- Monetary policy

Alternate Title(s) of Bill S 1786

Centennial Monetary Commission Act of 2015
A bill to 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 2015

Comments

Sponsors and Cosponsors of S 1786

John Cornyn
John Cornyn
TexasRepublican
Rand Paul
Rand Paul
KentuckyRepublican
Ted Cruz
Ted Cruz
TexasRepublican

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