Monetary Freedom and Accountability Act
Last action on Sep 9, 2003Referred to the Subcommittee on Technology and the House.
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Summary
Monetary Freedom and Accountability Act - Amends Federal law governing stabilization of exchange rates and arrangements by the Department of the Treasury to prohibit the Secretary of the Treasury from using the Exchange Stabilization Fund to buy, sell, or otherwise interfere in the market for gold in order to affect its free market price, unless Congress approves in the form of the adoption of either a specified joint resolution, or other Act of Congress, according to a prescribed procedure.
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