A bill to amend the Federal Reserve Act to control the growth of the money supply and promote stable prices, reasonable interest rates, and maximum employment.
Money Supply and Inflation Control Act - Amends the Federal Reserve Act to require that the time, character, and volume of all purchases and sales of paper eligible for open-market operations be governed with a view to reducing inflation and preventing recession by establishing the growth of the money supply as specified by this Act.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Domestic Monetary Policy.
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