Calls upon the President to immediately convene a summit of the nation's economic leaders to develop and implement a plan to resolve the Nation's financial crisis by taking actions including: (1) stabilizing the dollar; (2) stabilizing interest rates; (3) calming equity and commodity markets; (4) reducing the Federal budget deficit; (5) significantly reducing the U.S. trade deficit; and (6) reducing the threat to financial markets and institutions posed by the debt burden of less developed countries.
Introduced in Senate
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 426.
Indefinitely postponed by Senate by Unanimous Consent.
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