US Congress House Bill 3541 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 16)
Status: Introduced on September 17 2015 - 25% progression, died in committee
Action: 2015-09-17 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

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

Rep. John Conyers [D-MI]	Rep. Marcy Kaptur [D-OH]	Rep. Frederica Wilson [D-FL]	Rep. Keith Ellison [D-MN]
Rep. Sheila Jackson-Lee [D-TX]	Rep. Henry Johnson [D-GA]	Rep. Donald Payne [D-NJ]	Rep. Mark Pocan [D-WI]
Rep. Alcee Hastings [D-FL]	Rep. Steve Cohen [D-TN]	Rep. Jose Serrano [D-NY]	Rep. Yvette Clarke [D-NY]
Rep. Eleanor Norton [D-DC]	Rep. Brad Sherman [D-CA]	Rep. Lacy Clay [D-MO]	Rep. John Garamendi [D-CA]

Date	Chamber	Action
2015-09-17	House	Referred to the House Committee on Financial Services.
2015-09-17	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/3541/all-info
Text	https://www.congress.gov/114/bills/hr3541/BILLS-114hr3541ih.pdf