Centennial Monetary Commission Act of 2015

3.0.0 2912 2023-01-11T13:29:29Z 2023-01-11T13:29:29Z House HR 2015-06-25 114 [Congressional Record Volume 161, Number 103 (Thursday, June 25, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BRADY of Texas:H.R. 2912.Congress has the power to enact this legislation pursuantto the following:Article I Section 8 of the U.S. Constitution, which statesthat ``Congress shall have the power to . . . coin money,regulate the value thereof . . .''.[Page H4772]]]> hsba00 Financial Services Committee House Standing hsba20 Financial Institutions and Monetary Policy Subcommittee Hearings by 2015-07-22T14:20:06Z Reported by 2015-11-16T19:42:16Z Markup by 2015-07-29T13:23:45Z Referred to 2015-06-25T13:05:45Z H. Rept. 114-331 Centennial Monetary Commission Act of 2015 114 1786 S 2015-07-16 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5172-5173) Identical bill CRS Financial CHOICE Act of 2016 114 5983 HR 2016-12-20 Placed on the Union Calendar, Calendar No. 693. Related bill CRS 2015-11-16 Placed on the Union Calendar, Calendar No. 252. Calendars H12410 2 House floor actions U00252 2015-11-16 Reported by the Committee on Financial Services. H. Rept. 114-331. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2015-11-16 Reported by the Committee on Financial Services. H. Rept. 114-331. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2015-07-29 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 35 - 22. Committee 2015-07-29 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2015-07-22 hsba20 Financial Institutions and Monetary Policy Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral. Committee 2015-06-25 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-06-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-06-25 Introduced in House IntroReferral 1000 9 Library of Congress B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 N J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2015-06-25 True M001190 Rep. Mullin, Markwayne [R-OK-2] Markwayne Mullin R OK 2 2015-06-25 True B001294 Rep. Blum, Rod [R-IA-1] Rod Blum R IA 1 2015-06-25 True M001177 Rep. McClintock, Tom [R-CA-4] Tom McClintock R CA 4 2015-06-25 True B001248 Rep. Burgess, Michael C. [R-TX-26] Michael Burgess R TX C. 26 2015-06-25 True L000573 Rep. Labrador, Raul R. [R-ID-1] Raul Labrador R ID R. 1 2015-06-25 True F000460 Rep. Farenthold, Blake [R-TX-27] Blake Farenthold R TX 27 2015-06-25 True P000588 Rep. Pearce, Stevan [R-NM-2] Stevan Pearce R NM 2 2015-06-25 True S000583 Rep. Smith, Lamar [R-TX-21] LAMAR SMITH R TX 21 2015-06-25 True M001182 Rep. Mulvaney, Mick [R-SC-5] Mick Mulvaney R SC 5 2015-06-25 True J000289 Rep. Jordan, Jim [R-OH-4] Jim Jordan R OH 4 2015-06-25 True J000295 Rep. Joyce, David P. [R-OH-14] David Joyce R OH P. 14 2015-06-25 True R000598 Rep. Rothfus, Keith J. [R-PA-12] Keith Rothfus R PA J. 12 2015-06-25 True D000615 Rep. Duncan, Jeff [R-SC-3] Jeff Duncan R SC 3 2015-06-25 True F000461 Rep. Flores, Bill [R-TX-17] Bill Flores R TX 17 2015-06-25 True J000290 Rep. Jenkins, Lynn [R-KS-2] Lynn Jenkins R KS 2 2015-06-25 True N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 2015-06-25 True L000571 Rep. Lummis, Cynthia M. [R-WY-At Large] Cynthia Lummis R WY M. 0 2015-06-25 True M001157 Rep. McCaul, Michael T. [R-TX-10] Michael McCaul R TX T. 10 2015-06-25 True G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2015-06-25 True R000586 Rep. Renacci, James B. [R-OH-16] James Renacci R OH B. 16 2015-06-25 True W000814 Rep. Weber, Randy K., Sr. [R-TX-14] Randy Weber R TX K. 14 2015-06-25 True C001096 Rep. Cramer, Kevin [R-ND-At Large] Kevin Cramer R ND 0 2015-07-20 False B001283 Rep. Bridenstine, Jim [R-OK-1] Jim Bridenstine R OK 1 2015-07-20 False G000377 Rep. Granger, Kay [R-TX-12] KAY GRANGER R TX 12 2015-07-20 False F000450 Rep. Foxx, Virginia [R-NC-5] Virginia Foxx R NC 5 2015-07-20 False J000174 Rep. Johnson, Sam [R-TX-3] SAM JOHNSON R TX 3 2015-07-20 False R000592 Rep. Rokita, Todd [R-IN-4] Todd Rokita R IN 4 2015-07-20 False O000168 Rep. Olson, Pete [R-TX-22] Pete Olson R TX 22 2015-07-20 False B001290 Rep. Brat, Dave [R-VA-7] Dave Brat R VA 7 2015-07-29 False R000604 Rep. Russell, Steve [R-OK-5] Steve Russell R OK 5 2015-09-08 False S001189 Rep. Scott, Austin [R-GA-8] Austin Scott R GA 8 2015-09-22 False 2015-08-19T21:47:33Z H.R. 2912, Centennial Monetary Commission Act of 2015 https://www.cbo.gov/publication/50745 As ordered reported by the House Committee on Financial Services on July 29, 2015 Finance and Financial Sector Advisory bodies Congressional oversight Economic performance and conditions Federal Reserve System Government studies and investigations Inflation and prices Monetary policy Finance and Financial Sector

00 2015-06-25 Introduced in House 2015-12-02T16:14:18Z Centennial Monetary Commission Act of 2015

This bill establishes the Centennial Monetary Commission to: (1) examine how U.S. monetary policy since the creation of the Federal Reserve Board in 1913 has affected the performance of the U.S. economy in terms of output, employment, prices, and financial stability over time; (2) evaluate various operational regimes under which the Board and the Federal Open Market Committee may conduct monetary policy in terms achieving the maximum sustainable level of output and employment and price stability over the long term; and (3) recommend a course for U.S. monetary policy going forward.

The Commission shall evaluate as a tool of monetary policy: (1) macro-prudential supervision and regulation, and (2) the lender-of-last-resort function of the Board.

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79 2015-11-16 Reported to House without amendment 2016-01-28T21:35:46Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Centennial Monetary Commission Act of 2015

(Sec. 3) This bill establishes the Centennial Monetary Commission to: (1) examine how U.S. monetary policy since the creation of the Federal Reserve Board in 1913 has affected the performance of the U.S. economy in terms of output, employment, prices, and financial stability over time; (2) evaluate various operational regimes under which the Board and the Federal Open Market Committee may conduct monetary policy in terms achieving the maximum sustainable level of output and employment and price stability over the long term; (3) evaluate the use of macro-prudential supervision and regulation and of the lender-of-last-resort function of the Board as tools of monetary policy in terms of achieving the maximum sustainable level of output and employment and price stability over the long term; and (4) recommend a course for U.S. monetary policy going forward.

The Commission shall submit to Congress and make publicly available, by December 1, 2016, a report containing a statement of its findings and conclusions.

(Sec. 8) The Commission shall terminate on June 1, 2017.

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Centennial Monetary Commission Act of 2015 Display Title Centennial Monetary Commission Act of 2015 Official Title as Introduced To establish a commission to examine the United States monetary policy, evaluate alternative monetary regimes, and recommend a course for monetary policy going forward. Introduced in House IH Short Titles as Introduced Centennial Monetary Commission Act of 2015 Short Titles as Reported to House Centennial Monetary Commission Act of 2015 H House Reported in House 2015-11-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr2912rh/xml/BILLS-114hr2912rh.xml Introduced in House 2015-06-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr2912ih/xml/BILLS-114hr2912ih.xml 2015-11-16 Placed on the Union Calendar, Calendar No. 252. 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.