U.S. House Passes Bill to Limit Fed Power, Obama Plans to Veto
Posted on 11/20/2015
The U.S. House of Representatives passed legislation for reforms at the U.S. Federal Reserve. H.R. 3189, the Fed Oversight Reform and Modernization Act of 2015 passed along party lines, with two Democrats voting for the bill. The vote was 241 (yes) and 185 (no). The bill would mandate the Federal Reserve board use mathematical formulas […]
