Full Employment Federal Reserve Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 17, 2015)
The Full Employment Federal Reserve Act of 2015
This bill amends the Federal Reserve Act with respect to the duty of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee (FOMC) to promote maximum employment and stable prices.
The bill defines "maximum employment" as an economy with an unemployment rate of at most 4% that generally includes a labor market in which median wages are rising with worker productivity, job seekers can find work, and involuntary part-time work is at a minimum.
The Board and the FOMC are also directed to promote a stable rate of inflation (instead of stable prices) as part of long run growth.
What just happenedSep 17, 2015
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseSep 17, 2015
- Sep 17, 2015IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Sep 17, 2015IntroReferralIntro-H
Introduced in House
- Sep 17, 2015IntroReferral1000
Introduced in House