PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Domestic and International Monetary Policy.
Congressional Research Service
Version 00 · Introduced in House · Feb 3, 1995
Directs the Comptroller General, within seven days of the adoption of this resolution, to transmit to the House of Representatives a report containing: (1) the opinion of the Comptroller General on whether the proposed actions of the President to strengthen the Mexican peso and support economic stability in Mexico require congressional authorization or appropriation; (2) an evaluation of the terms and conditions of commitments and agreements entered into by the President, including the terms which provide for collateral or methods of assuring repayment of outlays by the United States; (3) an analysis of the resources which the International Monetary Fund has agreed to make available to strengthen the Mexican peso and support economic stability; (4) an evaluation of the role played by the Bank for International Settlements in efforts to strengthen the Mexican peso and support economic stability and the extent of the financial exposure of the United States; (5) an analysis of the relationships between the Bank and the Federal Reserve and the Bank and the Secretary of the Treasury and the extent to which such relationships involve a financial commitment to the Bank, on the part of the United States, of public money or financial resources under control of the Federal Reserve; and (6) an accounting of fund flows, in the 24 months preceding this resolution's adoption, through the exchange stabilization fund, the manner in which the fund has been used domestically and internationally, and the extent to which the use of the fund to strengthen the Mexican peso and support economic stability represents a departure from previous uses.
People & committees
Rep. Taylor, Gene [D-MS-5] · D–MS
Legislative record
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Referred to the Subcommittee on Domestic and International Monetary Policy.
ORDER OF BUSINESS - Mr. Taylor of Mississippi submitted H. Res. 57 for consideration by the House as a resolution constituting a question of the privileges of the House. The Chair subsequently entertained limited debate from Members on whether or not the resolution raised a question of the privileges of the House. Following debate, the Chair ruled that, in its present form, the resolution did not raise a question of the privileges of the House and could not be considered as such.
Sponsor introductory remarks on measure. (CR H1298)
Referred to the House Committee on Banking and Financial Services. subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Introduced in House
Primary sources
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Analyze H.Res.57 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine H.Res.57 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
Examine H.Res.57 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
Examine H.Res.57 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.