A bill to establish a National Commission on Interest Rates.
National Commission on Interest Rates Act - Establishes, as an independent instrumentality of the United States, a National Commission on Interest Rates. Directs the Commission, in consultation with the Board of Governors of the Federal Reserve System, to make a full and complete investigation of and make recommendations with respect to ways to establish moderate and stable interest rates.
Directs the Commission to submit an interim and a final written report to the President and Congress concerning its investigation within a specified time limit. Terminates the Commission 60 days after it submits its final report to Congress.
Directs any Federal agency, upon the request of the Commission, to furnish the Commission with available data, reports, and other information to the extent permitted by law.
Permits the head of any Federal agency, department, or other instrumentality, upon the request of the Commission, to furnish personnel and services to the Commmission, with or without reimbursement.
Authorizes appropriations.
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Introduced in Senate
Read twice and ordered to be held at the desk until no later than the close of business on September 11, 1981.
Referred to Senate Committee on Banking.
Committee on Banking requested executive comment from Federal Reserve System; Federal Deposit Insurance Corporation; Federal Home Loan Bank Board; Comptroller of the Currency.
Committee on Banking requested executive comment from Treasury Department; National Credit Union Administration; Securities and Exchange Commission; Federal Trade Commission.
Committee on Banking requested executive comment from Council of Economic Advisers.
Committee on Banking received executive comment from Federal Deposit Insurance Corporation. Unfavorable.
Committee on Banking received executive comment from National Credit Union Administration. Unfavorable.
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