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Article: Rep. Ryan Introduces Price Stability Act

Article from:
US Fed News Service, Including US State News
Article date:
May 24, 2008
Copyright

AMBRESH RANJAN

US Fed News

WASHINGTON, May 24 -- Rep. Paul Ryan, R-Wisconsin, has introduced the Price Stability Act of 2008 (H.R. 6053), legislation that would "require the Board of Governors of the Federal Reserve System to focus on price stability in establishing monetary policy to ensure the stable, long-term purchasing power of the currency, to repeal the Full Employment and Balanced Growth Act of 1978."

The bill, introduced on May 14, was co-sponsored by Rep. Luis G. Fortuño, R-Puerto Rico. It was referred to the House Financial Services Committee; House Education and Labor Committee; and House Budget Committee.

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