H.R. 8984
Referred to CommitteeIndependence from Credit Policy Act of 2020
Latest Action
Referred to the House Committee on Financial Services.
12/16/2020 • House
Summary
Independence from Credit Policy Act of 2020
This bill limits the types of securities that the Federal Reserve Board may acquire in the open market to gold stock; currency; and direct obligations of the United States, foreign banks, or the International Monetary Fund. The board must exchange all other assets with the Department of the Treasury for direct U.S. obligations of equivalent value.
Introduced in House • 12/16/2020
Topics & Subjects
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Bill Journey
Originated in the House
Introduced
December 16, 2020
Referred to the House Committee on Financial Services.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law