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.
Monetary Freedom and Accountability Act - Amends Federal law governing stabilization of exchange rates and arrangements by the Department of the Treasury 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, unless Congress approves in the form of the adoption of either a specified joint resolution, or other Act of Congress, according to a prescribed procedure.
Introduced in House
Introduced in House
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.
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.
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.
Sponsor introductory remarks on measure. (CR E1511-1512)
Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Referred to the Subcommittee on Technology and the House.
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