3.0.0 6042 2019-11-15T20:55:37Z 2019-11-15T20:55:37Z House H HR 2008-05-13 110 hsba00 Financial Services Committee House Standing Referred to 2008-05-13T16:31:15Z Price Stability Act of 2008 110 6053 HR 2008-05-14 Referred to the Committee on Financial Services, and in addition to the Committees on Education and Labor, and the Budget, 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. Related bill CRS 2008-05-13 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-05-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-05-13 Introduced in House IntroReferral 1000 9 Library of Congress S000097 Rep. Saxton, Jim [R-NJ-3] H. SAXTON R NJ JAMES 3 N Economics and Public Finance Finance and Financial Sector Inflation Open market operations Prices Economics and Public Finance 00 2008-05-13 Introduced in House 2008-09-02T15:14:08Z Price Stability and Inflation Targeting Act of 2008 - Declares that the primary and overriding goal of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee with regard to monetary policy shall be the achievement of price stability.

Authorizes the Board and the Committee to suspend such goal if the Committee, by a majority vote, and the President jointly determine such suspension necessary due to war or an economic emergency.

Requires the Board and the Committee to: (1) establish a definition of the goal of price stability; (2) implement such definition through inflation targets; and (3) specify a timeframe for achieving such goal.

Directs the Board to determine in advance what action it will take if the goal of fully achieving price stability is not met within the timeframe established by the Board and the Committee.

]]> Price Stability and Inflation Targeting Act of 2008 Short Titles as Introduced Price Stability and Inflation Targeting Act of 2008 Display Title Price Stability and Inflation Targeting Act of 2008 Official Title as Introduced To mandate price stability as the primary goal of the monetary policy of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee. Introduced in House 2008-05-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6042ih/xml/BILLS-110hr6042ih.xml 2008-05-13 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.