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114-hr-3541114th Congress

Full Employment Federal Reserve Act of 2015

Sponsored By: Representative JOHN CONYERS

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Summary

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

JOHN CONYERS

MI • D

Cosponsors

  • Rep. Kaptur, Marcy [D-OH-9]

    OH • D

    Sponsored 9/17/2015

  • Rep. Wilson, Frederica S. [D-FL-24]

    FL • D

    Sponsored 9/17/2015

  • Rep. Ellison, Keith [D-MN-5]

    MN • D

    Sponsored 9/17/2015

  • Rep. Jackson Lee, Sheila [D-TX-18]

    TX • D

    Sponsored 9/17/2015

  • Rep. Johnson, Henry C. "Hank" [D-GA-4]

    GA • D

    Sponsored 9/17/2015

  • Rep. Payne, Donald M., Jr. [D-NJ-10]

    NJ • D

    Sponsored 9/17/2015

  • Rep. Pocan, Mark [D-WI-2]

    WI • D

    Sponsored 10/9/2015

  • Rep. Hastings, Alcee L. [D-FL-20]

    FL • D

    Sponsored 11/16/2015

  • Rep. Cohen, Steve [D-TN-9]

    TN • D

    Sponsored 11/16/2015

  • JOSE SERRANO

    NY • D

    Sponsored 11/17/2015

  • Rep. Clarke, Yvette D. [D-NY-9]

    NY • D

    Sponsored 11/30/2015

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 11/30/2015

  • Rep. Sherman, Brad [D-CA-32]

    CA • D

    Sponsored 11/30/2015

  • WM. CLAY

    MO • D

    Sponsored 2/9/2016

  • Rep. Garamendi, John [D-CA-8]

    CA • D

    Sponsored 2/23/2016

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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