H.R. 4758
IntroducedFOMC Policy Responsibility Act
Introduced 1/10/2018•115th Congress•House
Latest Action
Placed on the Union Calendar, Calendar No. 837.
12/12/2018 • House
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.
Introduced in House • 1/10/2018
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Topics & Subjects
Policy Area: Finance and Financial Sector
Administrative law and regulatory proceduresAdvisory bodiesBank accounts, deposits, capitalFederal Reserve SystemFederal officialsInterest, dividends, interest rates
CBO Cost Estimates (1)
Congressional Votes (0)
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Related Federal Spending
Sponsor & Cosponsors (1)
Sponsor
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Bill Journey
Originated in the House
Introduced
January 10, 2018
Committee Review
January 10, 2018
Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (2)
Reported in House12/12/2018
Introduced in House1/10/2018