legislation: 96-s-3181

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
96-s-3181 96 s 3181 Gold Reserve Act of 1980 Finance and Financial Sector 1980-09-30 1980-09-30 Referred to Senate Committee on Banking, Housing and Urban Affairs. Senate Sen. Helms, Jesse [R-NC] NC R H000463 2 Gold Reserve Act of 1980 - Cancels the gold certificates issued pursuant to the Gold Reserve Act of 1934. Transfers the right to the gold to the Federal Reserve banks holding such certificates. Requires such banks to buy and sell gold at specified prices in return for payment with Federal Reserve notes . Restricts changes in the monetary base based on the amount of gold reserves. Requires the Board of Governors of the Federal Reserve System to proclaim a gold holiday if gold reserves fall below or exceed by specified percentages the target reserve quantity. Directs the Secretary of the Treasury to issue gold coins to meet public demand. Amends the Federal Reserve Act to repeal the authority of the Secretary of the Treasury to call in all gold. 2025-09-02T13:57:12Z  

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