About: Federal Reserve Reform Act of 1977

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The Federal Reserve Reform Act of 1977 enacted a number of reforms to the Federal Reserve, making it more accountable for its actions on monetary and fiscal policy and tasking it with the goal to "promote maximum employment, production, and price stability". The act explicitly established price stability as a national policy goal for the first time. It also required quarterly reports to Congress "concerning the ranges of monetary and credit aggregates for the upcoming 12 months." It also modified the selection of the Class B and C Reserve Bank Directors. Discrimination on the basis of race, creed, color, sex, or national origin was prohibited, and the composition of the directors was required to represent interests of "agriculture, commerce, industry, services, labor and consumers". The Fe

Attributes	Values
rdf:type	Thing yago:Abstraction100002137 yago:CivilLaw108453464 yago:Collection107951464 yago:Group100031264 yago:Law108441203 yago:Legislation106535222
rdfs:label	Federal Reserve Reform Act of 1977 (en) Federal Reserve Reform Act (de)
rdfs:comment	Der Federal Reserve Reform Act aus dem Jahr 1977 war eine Reform des Federal Reserve System in den USA. (de) The Federal Reserve Reform Act of 1977 enacted a number of reforms to the Federal Reserve, making it more accountable for its actions on monetary and fiscal policy and tasking it with the goal to "promote maximum employment, production, and price stability". The act explicitly established price stability as a national policy goal for the first time. It also required quarterly reports to Congress "concerning the ranges of monetary and credit aggregates for the upcoming 12 months." It also modified the selection of the Class B and C Reserve Bank Directors. Discrimination on the basis of race, creed, color, sex, or national origin was prohibited, and the composition of the directors was required to represent interests of "agriculture, commerce, industry, services, labor and consumers". The Fe (en)
name	Federal Reserve Reform Act of 1977 (en)
dcterms:subject	1977 in law Economic history of the United States History of the Federal Reserve System
Wikipage page ID	31022095 (xsd:integer)
Wikipage revision ID	1102029771 (xsd:integer)
Link from a Wikipage to another Wikipage	Price stability Democratic Party (United States) Government in the Sunshine Act 1977 in law Federal Open Market Committee Economic history of the United States Wisconsin Federal Reserve Federal Reserve Act Henry S. Reuss History of the Federal Reserve System Jimmy Carter Bank Holding Company Act of 1956 Full Employment and Balanced Growth Act
Link from a Wikipage to an external page	https://www.congress.gov/bill/95th-congress/house-bill/9710/all-actions http://www.frbsf.org/what-is-the-fed/history.html https://fraser.stlouisfed.org/title/1040
sameAs	Federal Reserve Reform Act of 1977 Federal Reserve Reform Act of 1977 Federal Reserve Reform Act of 1977 Federal Reserve Reform Act of 1977 Federal Reserve Reform Act of 1977
dbp:wikiPageUsesTemplate	dbt:Authority_control dbt:Reflist dbt:USBill dbt:USPL dbt:USStat dbt:Federal_Reserve_System dbt:Infobox_U.S._legislation dbt:Jimmy_Carter
acts amended	Federal Reserve Act Bank Holding Company Act of 1956
effective date	1977-11-16 (xsd:date)
introducedby	Henry S. Reuss (en)
introduceddate	1977-10-20 (xsd:date)
introducedin	House (en)
passedbody	House (en) Senate (en)
passeddate	1977-10-31 (xsd:date) 1977-11-01 (xsd:date)
passedvote	395 (xsd:integer)
signeddate	1977-11-16 (xsd:date)
signedpresident	Jimmy Carter
enacted by	95 (xsd:integer)
fullname	An Act to extend the authority for the flexible regulation of interest rates on deposits and accounts in depository institutions, to promote the accountability of the Federal Reserve System, and for other purposes. (en)
has abstract	Der Federal Reserve Reform Act aus dem Jahr 1977 war eine Reform des Federal Reserve System in den USA. (de) The Federal Reserve Reform Act of 1977 enacted a number of reforms to the Federal Reserve, making it more accountable for its actions on monetary and fiscal policy and tasking it with the goal to "promote maximum employment, production, and price stability". The act explicitly established price stability as a national policy goal for the first time. It also required quarterly reports to Congress "concerning the ranges of monetary and credit aggregates for the upcoming 12 months." It also modified the selection of the Class B and C Reserve Bank Directors. Discrimination on the basis of race, creed, color, sex, or national origin was prohibited, and the composition of the directors was required to represent interests of "agriculture, commerce, industry, services, labor and consumers". The Federal Reserve Act, which created the Federal Reserve in 1913, made no mention of services, labor, and consumers. Finally, the act established Senate confirmation of chairmen and vice chairmen of the Board of Governors of the Federal Reserve. The Federal Reserve Reform Act made the Federal Reserve more transparent to Congressional oversight. (en)
agreedbody	House (en)
agreeddate	1977-11-02 (xsd:date)
leghisturl	https://www.congress.gov/bill/95th-congress/house-bill/9710/all-actions
prov:wasDerivedFrom	wikipedia-en:Federal_Reserve_Reform_Act_of_1977?oldid=1102029771&ns=0
page length (characters) of wiki page	8502 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Federal_Reserve_Reform_Act_of_1977
is Link from a Wikipage to another Wikipage of	List of United States federal legislation, 1901–2001 Federal Reserve History of the Federal Reserve System History of the United States government
is foaf:primaryTopic of	wikipedia-en:Federal_Reserve_Reform_Act_of_1977

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