Washington, D.C. – The Republican National Committee, voted unanimously today to adopt a resolution calling on Congress to bring forward a vote on the the Centennial Monetary Commission legislation.
The resolution states,
“The United States House of Representatives [are] to give H.R. 1176 priority consideration, including bringing it up for a vote at the earliest convenient moment during this Congressional session; and all Members of the United States Senate to take action in support of the introduction and prompt consideration of companion legislation as a critical agenda item. ‘Centennial Monetary Commission’ would evaluate various operational systems under which the Board of Governors of the Federal Reserve System may conduct monetary policy in terms achieving the maximum sustainable level of output, employment, and price stability over the long term, and may recommend a course for the future of United States monetary policy….”
This legislation, known as Brady-Cornyn – named after its prime sponsors, Rep. Kevin Brady (R-TX) and Sen. John Cornyn (R-TX), is currently is pending in the House Financial Services Committee and an identical bill is being held by the Senate Banking Committee. This bill currently has 33 House co-sponsors.
American Principles Project’s Senior Economics Advisor, Ralph Benko, said of the news of this resolution passing, “The RNC continues to show signs that they are listening to the people and want to build a better future for Americans. This bill is the fulfillment of a promise contained in the Republican Platform 2012, which called for a “commission to investigate possible ways to set a fixed value for the dollar.” The American people deserve for this bill to be passed through Congress, and they deserve a brighter future.”
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