HR 2912 114th Congress House Finance and Financial Sector Advisory bodies Congressional oversight Economic performance and conditions Federal Reserve System Government studies and investigations Inflation and prices Monetary policy

Centennial Monetary Commission Act of 2015

Introduced: June 25, 2015 See on congress.gov

Everywhere this bill has been 7 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Nov 16, 2015

Placed on the Union Calendar, Calendar No. 252.

Nov 16, 2015

Reported by the Committee on Financial Services. H. Rept. 114-331.

Jul 29, 2015

Ordered to be Reported by the Yeas and Nays: 35 - 22.

Jul 29, 2015

Committee Consideration and Mark-up Session Held.

Jul 22, 2015

Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.

Jun 25, 2015

Referred to the House Committee on Financial Services.

Jun 25, 2015

Introduced in House

Plain-English summary Congressional Research Service

(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.

What's happening now November 16, 2015

Placed on the Union Calendar, Calendar No. 252.

Committees of jurisdiction 2