Amendment sought to suspend the requirement for rules-based decisionmaking when unemployment or inflation significantly diverges from targets.
What it does: 3 changes: strikes text, inserts text in 2 placesDescription
An amendment numbered 1 printed in Part C of House Report 114-341 to suspend the requirement for rules-based decisionmaking when unemployment or inflation significantly diverges from targets.
What it changes
3 changes to H.R. 3189
Change 1: Strikes “Not”
Struck: Not
Original wording
Page 5, line 8, strike “Not”.
Change 2: Inserts new text on page 5, line 9
InsertsPrinted pageInserted: (1) In general.--Not
Original wording
Page 5, line 9, insert the following:
Change 3: Inserts new text on page 5, line 15
InsertsPrinted pageInserted: (2) Exception.--The requirements of paragraph (1) shall not apply if the Federal Open Market Committee determines at the end of a meeting that the current conditions represent a significant divergence from the goals of maximum employment and stable prices described in section 2A.
Original wording
Page 5, after line 15, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 5, line 8, strike “Not”.
Page 5, line 9, insert the following:
“(1) In general.--Not”.
Page 5, after line 15, insert the following:
“(2) Exception.--The requirements of paragraph (1) shall not apply if the Federal Open Market Committee determines at the end of a meeting that the current conditions represent a significant divergence from the goals of maximum employment and stable prices described in section 2A.”.
Legislative Activity
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House amendment offered
November 18, 2015
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House amendment offered
November 18, 2015
Amendment failed in Committee of the Whole
November 18, 2015 • 6:52 PM
House amendment not agreed to: On agreeing to the Heck (WA) amendment (A001) Failed by voice vote.
November 18, 2015 • 6:52 PM
House amendment offered/reported by : Amendment (A001) offered by Mr. Heck (WA).(consideration: CR H8337-8338; text: CR H8337)
November 18, 2015 • 6:41 PM
Amendment (A001) offered by Mr. Heck (WA). (consideration: CR H8337-8338; text: CR H8337)
November 18, 2015 • 6:41 PM
On agreeing to the Heck (WA) amendment (A001) Failed by voice vote.
November 18, 2015 • 6:52 PM