H.R. 4758 - FOMC Policy Responsibility Act

FOMC Policy Responsibility Act

H.R. 4758 — 115^th Congress (2017–2018)

Summary

To amend the Federal Reserve Act to require the Federal Open Market Committee to establish interest rates on balances maintained at a Federal Reserve Bank by depository institutions. (by CRS)

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Title

To amend the Federal Reserve Act to require the Federal Open Market Committee to establish interest rates on balances maintained at a Federal Reserve Bank by depository institutions.

Other Titles

• FOMC Policy Responsibility Act
• FOMC Policy Responsibility Act
• FOMC Policy Responsibility Act
• FOMC Policy Responsibility Act

Sponsor

Claudia Tenney

Co-Sponsors

Subjects

• Finance and financial sector
• Administrative law and regulatory procedures
• Advisory bodies
• Bank accounts, deposits, capital
• Federal officials
• Federal Reserve System
• Interest, dividends, interest rates

Related Bills

• H.R. 6741 (115^th) : Federal Reserve Reform Act of 2018
• H.R. 10 (115^th) : Financial CHOICE Act of 2017

Major Actions

Introduced

1/10/2018

Bill History

• All Votes
• All Actions
• Amendments

There have been no votes on this bill.

	Action	Date	Description
	Introduced	1/10/2018
		1/10/2018	Introduced in House
		1/10/2018	Referred to the House Committee on Financial Services.
		1/10/2018	Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.
		9/13/2018	Committee Consideration and Mark-up Session Held.
	Put on a legislative calendar	9/13/2018	Ordered to be Reported by Voice Vote.
		12/12/2018	Reported by the Committee on Financial Services. H. Rept. 115-1078.
	Put on a legislative calendar	12/12/2018	Placed on the Union Calendar, Calendar No. 837.

	Number	Sponsor	Date Offered	Status