A bill to promote the accountability of the Federal Reserve System.
Federal Reserve Reform Act - Amends the Federal Reserve Act to require the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to maintain the long-run growth of the monetary and credit aggregates commensurate with the economy's production potential.
Prohibits discrimination in the selection of the Board of Directors of the Federal Reserve System.
Requires Senate confirmation of the chairman and Vice Chairman of the Board of Governors, effective in 1982.
Makes it a criminal offense for a Federal Reserve Bank officer, employee, or director to participate in specified activities affecting personal financial interest.
Referred to House Committee on Banking, Finance and Urban Affairs.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Reported to House from the Committee on Banking, Finance and Urban Affairs with amendment, H. Rept. 95-559.
Reported to House from the Committee on Banking, Finance and Urban Affairs with amendment, H. Rept. 95-559.
Measure called up under motion to suspend rules and pass in House.
Measure considered in House.
Passed/agreed to in House: Measure passed House, amended.
Measure passed House, amended.
Referred to Senate Committee on Banking, Housing and Urban Affairs.
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