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HJRES 365 97th Congress House

A joint resolution resolving that current economic policies must be reconsidered to bring and keep interest rates down, that the President and the Administration and the Board of Governors of the…

Official title: A joint resolution resolving that current economic policies must be reconsidered to bring and keep interest rates down, that the President and the Administrati… Show full official titleShow less

Official title: A joint resolution resolving that current economic policies must be reconsidered to bring and keep interest rates down, that the President and the Administration and the Board of Governors of the Federal Reserve System shall discourage speculative lending, the Board of Governors of the Federal Reserve System shall reconsider its tentative decisions to reduce the targets for growth in money supply for 1982, and that the President shall comply with section 10 of the Federal Reserve Act.

Introduced: December 10, 1981 See on congress.gov
Economics and Public Finance CreditFederal Reserve SystemFinance and Financial SectorGovernment Operations and Politics
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InterestInterest ratesMonetary policyMoneyMoney supply
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 28, 1982
Subcommittee Hearings Held.
Dec 11, 1981
Subcommittee Hearings Held.
Dec 1, 1981
Referred to Subcommittee on Domestic Monetary Policy.
Nov 20, 1981
Referred to House Committee on Banking, Finance and Urban Affairs.
Nov 20, 1981
Introduced in House
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 Latest action January 28, 1982

Subcommittee Hearings Held.

 Plain-English summary Congressional Research Service

Resolves that the economic policies currently in place must now be reconsidered in order to lower interest rates rapidly enough to effect an early, complete recovery from the recession and to prevent a resurgence of high interest rates in future years.

Directs the President and the Board of Governors of the Federal Reserve System to undertake immediately: (1) an aggressive campaign designed to encourage banks to cease providing loans or lines of credit for unproductive takeovers and speculative purposes; (2) efforts to ensure access to the least expensive possible credit; and (3) studies to explore and report to the Congress on innovative techniques for managing the money supply and credit resources in times of tight credit.

Directs the Board of Governors of the Federal Reserve System to reconsider its tentative decision to reduce the targets for monetary growth for 1982.

Directs the President to nominate individuals for vacancies on the Board of Governors so that this Nation's agricultural and commercial interests, including housing and small businesses, will no longer be underrepresented on the Board.

 Related & companion bills 1
  • HJRES 369 Identical bill A joint resolution resolving that current economic policies must be reconsidered to bring and keep interest rates down,…
 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Hoyer, Steny H.
Maryland · Dec 10, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). H.J. Res. 365: A joint resolution resolving that current economic policies must be reconsidered to bring and keep interest rates down, that the President and the Administration and the Board of Governors of the Federal Reserve System shall discourage speculative lending, the Board of Governors of the Federal Reserve System shall reconsider its tentative decisions to reduce the targets for growth in money supply for 1982, and that the President shall comply with section 10 of the Federal Reserve Act.. 97th Congress. Open America. https://openamerica.io/bill/97-HJRES-365/
MLA
"H.J. Res. 365: A joint resolution resolving that current economic policies must be reconsidered to bring and keep interest rates down, that the President and the Administration and the Board of Governors of the Federal Reserve System shall discourage speculative lending, the Board of Governors of the Federal Reserve System shall reconsider its tentative decisions to reduce the targets for growth in money supply for 1982, and that the President shall comply with section 10 of the Federal Reserve Act.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HJRES-365/.
Bluebook (legal)
H.J. Res. 365, 97th Cong. (2026), https://openamerica.io/bill/97-HJRES-365/.
Markdown link
[H.J. Res. 365: A joint resolution resolving that current economic policies must be reconsidered to bring and keep interest rates down, that the President and the Administration and the Board of Governors of the Federal Reserve System shall discourage speculative lending, the Board of Governors of the Federal Reserve System shall reconsider its tentative decisions to reduce the targets for growth in money supply for 1982, and that the President shall comply with section 10 of the Federal Reserve Act.](https://openamerica.io/bill/97-HJRES-365/)
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