March 11, 1998 sees Congressional Record publish “AMENDMENTS”

March 11, 1998 sees Congressional Record publish “AMENDMENTS”

ORGANIZATIONS IN THIS STORY

Volume 144, No. 25 covering the 2nd Session of the 105th Congress (1997 - 1998) was published by the Congressional Record.

The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.

“AMENDMENTS” mentioning the Federal Reserve System was published in the House of Representatives section on pages H1113 on March 11, 1998.

The publication is reproduced in full below:

AMENDMENTS

Under clause 6 of rule XXIII, proposed amendments were submitted as follows:

H.R. 2883

Offered by: Mr. Horn

Amendment No. 1.: Page 9, after line 15, add the following:

SEC. . FINDINGS AND SENSE OF CONGRESS REGARDING THE BOARD

OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.

(a) Findings.--Congress finds the following:

(1) Certain provisions enacted by the Government Performance and Results Act of 1993 (Public Law 103-62) are inconsistent with the Federal Reserve Act (12 U.S.C. 221 et seq.).

(2) The Board of Governors of the Federal Reserve System has indicated that while the Government Performance and Results Act of 1993 is inconsistent with the Federal Reserve Act, the Board of Governors intends to comply voluntarily with the substance of the provisions enacted by the Government Performance and Results Act of 1993.

(3) The Board of Governors of the Federal Reserve System is accountable to Congress and is required to make annually a full report of its operation to the Speaker of the House of Representatives.

(b) Sense of Congress.--It is the sense of Congress that--

(1) the Statutory independence of the Board of Governors of the Federal Reserve System should be maintained, and the Board of Governors should be commended for its commitment to comply voluntarily with the substance of the provisions enacted by the Government Performance and Results Act of 1993; and

(2) the Board of Governors of the Federal Reserve System should include in its annual reports to Congress information pertaining to strategic planning and performance measurement for operations of the Board of Governors, with the exception of such information as pertains to the area of monetary policy.

SOURCE: Issue: Vol. 144, No. 25 — Daily Edition

ORGANIZATIONS IN THIS STORY

More News