3.0.0 6053 2022-02-03T05:18:00Z 2022-02-03T05:18:00Z House H HR 2008-05-14 110 hsbu00 Budget Committee House Standing Referred to 2008-05-14T14:06:05Z hsed00 Education and the Workforce Committee House Standing Referred to 2008-05-14T14:06:00Z hsba00 Financial Services Committee House Standing Referred to 2008-05-14T14:05:50Z Price Stability and Inflation Targeting Act of 2008 110 6042 HR 2008-05-13 Referred to the House Committee on Financial Services. Related bill CRS 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. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 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. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 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. IntroReferral H11100-A 9 Library of Congress 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-05-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-05-14 Introduced in House IntroReferral 1000 9 Library of Congress R000570 Rep. Ryan, Paul [R-WI-1] PAUL RYAN R WI 1 N F000452 Resident Commissioner Fortuno, Luis G. [R-PR-At Large] Luis Fortuno R PR G. 0 2008-05-14 True L000564 Rep. Lamborn, Doug [R-CO-5] Doug Lamborn R CO 5 2008-05-20 False E000187 Rep. English, Phil [R-PA-3] PHIL ENGLISH R PA 3 2008-06-04 False Y000033 Rep. Young, Don [R-AK-At Large] DON YOUNG R AK E. 0 2008-06-10 False S000275 Rep. Shadegg, John B. [R-AZ-3] JOHN SHADEGG R AZ 3 2008-09-23 False Economics and Public Finance Civil Rights and Liberties, Minority Issues Commerce Congress Congressional reporting requirements Economic growth Finance and Financial Sector Free enterprise Inflation Monetary policy Money Open market operations Prices Right of property Standard of living Taxation Economics and Public Finance 00 2008-05-14 Introduced in House 2008-07-22T20:48:56Z Price Stability Act of 2008 - Declares it is US policy that the principal economic responsibilities of the Government are to establish both long-term economic growth and increases in living standards, maintain free markets, low taxes, respect for private property, and the stable, long-term purchasing power of US currency.

Declares that the promotion of price stability should be the primary long-term goal of the Board of Governors of the Federal Reserve System.

Amends the Federal Reserve Act to revise the mandate of the Board and the Federal Open Market Committee to require them to: (1) establish a numerical definition of the term "price stability"; and (2) maintain a monetary policy that promotes long-term price stability.

Requires the Board to consult with, and report to, Congress semi-annually about Board and Committee objectives and plans to achieve and maintain price stability.

Repeals the Full Employment and Balanced Growth Act of 1978.

]]> Price Stability Act of 2008 Short Titles as Introduced Price Stability Act of 2008 Display Title Price Stability Act of 2008 Official Title as Introduced To require the Board of Governors of the Federal Reserve System to focus on price stability in establishing monetary policy to ensure the stable, long-term purchasing power of the currency, to repeal the Full Employment and Balanced Growth Act of 1978, and for other purposes. Introduced in House 2008-05-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6053ih/xml/BILLS-110hr6053ih.xml 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. 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.