Monetary Freedom and Accountability Act

To amend title 31, United States Code, to limit the use by the President and the Secretary of the Treasury of the Exchange Stabilization Fund to buy or sell gold without congressional approval, and for other purposes.

Subjects

Foreign Trade and International Finance

Summary

Monetary Freedom and Accountability Act - Amends Federal law governing monetary transactions to prohibit the Secretary of the Treasury from using the Exchange Stabilization Fund to buy, sell, or otherwise interfere in the market for gold in order to affect its free market price without congressional approval to engage in such transaction in the form of the adoption of a joint resolution or other Act of Congress.

Full Text

Legislative Actions

2002-02-13
Introduced in House
2002-02-13
Introduced in House
2002-02-13
Referred to the Committee on Financial Services, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2002-02-13
Referred to the Committee on Financial Services, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2002-02-13
Referred to the Committee on Financial Services, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2002-02-14
Sponsor introductory remarks on measure. (CR E162-164)
2002-03-04
Referred to the Subcommittee on International Monetary Policy and Trade.

Ask about this bill

checking server…

Ask anything about this bill. The AI reads the full text to answer.