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- NEED_Act abstract "The NEED or National Emergency Employment Defense Act (H.R. 2990), is a proposed law that calls for full employment and nationwide reconstruction of civil infrastructure in the United States by reforming the monetary system. It was introduced in the United States House of Representatives by Congressman Dennis Kucinich (D-OH) in 2011 and is a reintroduction of the 2010 NEED Act.Declaring that "the creation of money by private financial institutions as interest-bearing debts should cease once and for all," the NEED Act would abolish what is referred to as fractional reserve banking by prohibiting the creation of credit lent out against deposits held by private institutions; eliminate the quasi-independent status of the Federal Reserve System; and grant the U.S. Department of the Treasury, on behalf of Congress, the exclusive authority to originate money.The legislation would also bar the federal government from all future borrowing, institute an 8% cap on interest rates across the country, mandate that new money spent into circulation include annual block grants to the States, and establish a Monetary Authority inside the Treasury to manage national monetary policy.As of August 2013, the bill is considered to have died in committee.".
- NEED_Act thumbnail USNotes.jpg?width=300.
- NEED_Act wikiPageExternalLink theneedact.
- NEED_Act wikiPageExternalLink michael-hudson.com.
- NEED_Act wikiPageExternalLink neweconomicperspectives.org.
- NEED_Act wikiPageExternalLink www.economicstability.org.
- NEED_Act wikiPageExternalLink hr2990.
- NEED_Act wikiPageExternalLink wp12202.pdf.
- NEED_Act wikiPageExternalLink www.monetary.org.
- NEED_Act wikiPageExternalLink www.positivemoney.org.uk.
- NEED_Act wikiPageExternalLink watch?v=BYGuactD1-U.
- NEED_Act wikiPageExternalLink watch?v=pqSXpnWpAho&feature=relmfu.
- NEED_Act wikiPageID "35682592".
- NEED_Act wikiPageRevisionID "589694390".
- NEED_Act acronym "NEED Act".
- NEED_Act committees United_States_House_Committee_on_Financial_Services.
- NEED_Act fullname ""To create a full employment economy as a matter of national economic defense; to provide for public investment in capital infrastructure; to provide for reducing the cost of public investment; to retire public debt; to stabilize the Social Security retirement system; to restore the authority of Congress to create and regulate money, modernize and provide stability for the monetary system of the United States; and for other public purposes."—H.R. 2990".
- NEED_Act hasPhotoCollection NEED_Act.
- NEED_Act introducedbill theneedact.
- NEED_Act introducedby "Dennis Kucinich".
- NEED_Act introduceddate "2011-09-21".
- NEED_Act introducedin United_States_House_of_Representatives.
- NEED_Act name "National Emergency Employment Defense Act".
- NEED_Act nickname "House Bill 2990".
- NEED_Act subject Category:Articles_created_via_the_Article_Wizard.
- NEED_Act subject Category:Heterodox_economics.
- NEED_Act subject Category:Monetary_policy_of_the_United_States.
- NEED_Act subject Category:Monetary_reform.
- NEED_Act comment "The NEED or National Emergency Employment Defense Act (H.R. 2990), is a proposed law that calls for full employment and nationwide reconstruction of civil infrastructure in the United States by reforming the monetary system.".
- NEED_Act label "NEED Act".
- NEED_Act sameAs m.010x74cj.
- NEED_Act wasDerivedFrom NEED_Act?oldid=589694390.
- NEED_Act depiction USNotes.jpg.
- NEED_Act isPrimaryTopicOf NEED_Act.
