Ask AI
Bill114th CongressFiled Jun 25, 2015Finance and Financial Sector
H.R. 2912

Centennial Monetary Commission Act of 2015

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary reported to house without amendment (Nov 16, 2015)

(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 just happenedNov 16, 2015

Placed on the Union Calendar, Calendar No. 252.

Who’s behind it

Rep. Brady, Kevin [R-TX-8](R-TX)Sponsor
32 cosponsors32 R
Read on Congress.gov
32cosponsors1committees9actions2related bills7subjects
  1. Nov 16, 2015CalendarsH12410

    Placed on the Union Calendar, Calendar No. 252.

  2. Nov 16, 2015CommitteeH12200

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

    Financial Services Committee
  3. Nov 16, 2015Committee5000

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

    Financial Services Committee
  4. Jul 29, 2015Committee

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

    Financial Services Committee
  5. Jul 29, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  6. Jul 22, 2015Committee

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

    Financial Institutions and Monetary Policy Subcommittee
  7. Jun 25, 2015IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  8. Jun 25, 2015IntroReferralIntro-H

    Introduced in House

  9. Jun 25, 2015IntroReferral1000

    Introduced in House

Reported to House without amendmentNov 16, 201579

(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.

Introduced in HouseJun 25, 2015

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.

Centennial Monetary Commission Act of 2015 — Informed