3.0.0 3541 2023-01-11T13:29:52Z 2023-01-11T13:29:52Z House HR 2015-09-17 114 [Congressional Record Volume 161, Number 134 (Thursday, September 17, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CONYERS:H.R. 3541.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H6137]]]> hsba00 Financial Services Committee House Standing Referred to 2015-09-17T14:04:05Z 2015-09-17 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-09-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-09-17 Introduced in House IntroReferral 1000 9 Library of Congress C000714 Rep. Conyers, John, Jr. [D-MI-13] JOHN CONYERS D MI 13 N K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2015-09-17 True W000808 Rep. Wilson, Frederica S. [D-FL-24] Frederica Wilson D FL S. 24 2015-09-17 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2015-09-17 True J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2015-09-17 True J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2015-09-17 True P000604 Rep. Payne, Donald M., Jr. [D-NJ-10] Donald Payne D NJ M. 10 2015-09-17 True P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2015-10-09 False H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2015-11-16 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2015-11-16 False S000248 Rep. Serrano, Jose E. [D-NY-15] JOSE SERRANO D NY E. 15 2015-11-17 False C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2015-11-30 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2015-11-30 False S000344 Rep. Sherman, Brad [D-CA-30] BRAD SHERMAN D CA 30 2015-11-30 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2016-02-09 False G000559 Rep. Garamendi, John [D-CA-3] John Garamendi D CA 3 2016-02-23 False Finance and Financial Sector Economic performance and conditions Federal Reserve System Inflation and prices Monetary policy Temporary and part-time employment Wages and earnings Finance and Financial Sector 00 2015-09-17 Introduced in House 2016-03-14T21:00:58Z The Full Employment Federal Reserve Act of 2015

This bill amends the Federal Reserve Act with respect to the duty of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee (FOMC) to promote maximum employment and stable prices.

The bill defines "maximum employment" as an economy with an unemployment rate of at most 4% that generally includes a labor market in which median wages are rising with worker productivity, job seekers can find work, and involuntary part-time work is at a minimum.

The Board and the FOMC are also directed to promote a stable rate of inflation (instead of stable prices) as part of long run growth.

]]> Full Employment Federal Reserve Act of 2015 Display Title Full Employment Federal Reserve Act of 2015 Official Title as Introduced To amend the Federal Reserve Act to modify the goals of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee. Introduced in House IH Short Titles as Introduced Full Employment Federal Reserve Act of 2015 Introduced in House 2015-09-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr3541ih/xml/BILLS-114hr3541ih.xml 2015-09-17 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.