FOMC Policy Responsibility Act

United States115th CongressHR-4758House of Representatives
Updated: Dec 12, 2018

Summary

FOMC Policy Responsibility Act This bill amends the Federal Reserve Act to require the Federal Open Market Committee to set the interest rates on balances maintained at Federal Reserve banks by depository institutions.

Bill texts

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Timeline

  1. Committee Consideration and Mark-up Session Held.

    House of Representatives

  2. Ordered to be Reported by Voice Vote.

    House of Representatives

  3. Reported by the Committee on Financial Services. H. Rept. 115-1078.

    House of Representatives

  4. Placed on the Union Calendar, Calendar No. 837.

    House of Representatives