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FOMC Policy Responsibility Act

USA116th CongressHR-8982| House 
| Updated: 12/16/2020
J. French Hill

J. French Hill

Republican Representative

Arkansas

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
FOMC Policy Responsibility Act This bill requires the Federal Open Market Committee to set the interest rates on balances maintained at Federal Reserve banks by or on behalf of depository institutions.
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Timeline

Bill from Previous Congress

HR 115-4758
FOMC Policy Responsibility Act
Dec 16, 2020
Introduced in House
Dec 16, 2020
Referred to the House Committee on Financial Services.

  • Bill from Previous Congress

    HR 115-4758
    FOMC Policy Responsibility Act
  • December 16, 2020
    Introduced in House
  • December 16, 2020
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Administrative law and regulatory proceduresAdvisory bodiesBank accounts, deposits, capitalFederal officialsFederal Reserve SystemInterest, dividends, interest rates

FOMC Policy Responsibility Act

USA116th CongressHR-8982| House 
| Updated: 12/16/2020
FOMC Policy Responsibility Act This bill requires the Federal Open Market Committee to set the interest rates on balances maintained at Federal Reserve banks by or on behalf of depository institutions.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 115-4758
FOMC Policy Responsibility Act
Dec 16, 2020
Introduced in House
Dec 16, 2020
Referred to the House Committee on Financial Services.

  • Bill from Previous Congress

    HR 115-4758
    FOMC Policy Responsibility Act
  • December 16, 2020
    Introduced in House
  • December 16, 2020
    Referred to the House Committee on Financial Services.
J. French Hill

J. French Hill

Republican Representative

Arkansas

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresAdvisory bodiesBank accounts, deposits, capitalFederal officialsFederal Reserve SystemInterest, dividends, interest rates