A bill to amend the Federal Reserve Act to require the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to implement a monetary policy which will achieve balanced full growth in the economy.
Balanced Full Growth Monetary Policy Act of 1983 - Amends the Federal Reserve Act to require the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to transmit to Congress semiannually their objectives for growth or diminution of the gross national product, real growth, and inflation.
Requires the Board of Governors and the Committee to set forth their plans with respect to meeting such objectives.
Requires that any revision to, or deviation from, such objectives be reported to the House and Senate Banking Committees within 45 days after such revision or deviation takes effect.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Domestic Monetary Policy.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
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