H.R. 7095 · 115th Congress
Coretta Scott King Full Employment Federal Reserve Act of 2018
- Stage
- In committee
- Sponsor
- Ro Khanna
- Introduced
- 2018-10-26
- Latest action
- 2018-10-26 · Introduced in House
Summary
Coretta Scott King Full Employment Federal Reserve Act of 2018
This bill (1) revises the goals of the Federal Reserve Board and the Federal Open Market Committee, including by making a stable rate of inflation a goal for both; (2) adds reporting requirements for the board related to inflation and employment; and (3) modifies the composition of the board of directors of Federal Reserve banks.