United States 114th Congress Status: Died 1 R cosponsors

HR 2912 — Centennial Monetary Commission Act of 2015

Last action — Placed on the Union Calendar, Calendar No. 252.

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  1. ✓
    Introduced
  2. Died in session

This bill died with 114th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

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.

Bill Text

We don't have the full text on file for this bill yet.

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Action History

  1. Placed on the Union Calendar, Calendar No. 252.

  2. Reported by the Committee on Financial Services. H. Rept. 114-331.

  3. Ordered to be Reported by the Yeas and Nays: 35 - 22.

  4. Committee Consideration and Mark-up Session Held.

  5. Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.

  6. Referred to the House Committee on Financial Services.

  7. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance
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Frequently asked questions

What does HR 2912 do?
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.
Who sponsors HR 2912?
HR 2912 is sponsored by Kevin Brady (R).
What is the current status of HR 2912?
This bill died with 114th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 2912?
Track HR 2912 free on One Click Politics — get push/email alerts when it moves.

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