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House Bill 4758
115th Congress(2017-2018)
FOMC Policy Responsibility Act
Introduced
Introduced
Introduced in House on Jan 10, 2018
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Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
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H. R. 4758 (Reported-in-House)

Union Calendar No. 837

115th CONGRESS
2d Session
H. R. 4758

[Report No. 115–1078]


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.

IN THE HOUSE OF REPRESENTATIVES

January 10, 2018

Ms. Tenney introduced the following bill; which was referred to the Committee on Financial Services

December 12, 2018

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

A BILL

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “FOMC Policy Responsibility Act”.

SEC. 2. Interest rates on balances maintained at a Federal Reserve Bank by depository institutions established by Federal Open Market Committee.

Subparagraph (A) of section 19(b)(12) of the Federal Reserve Act (12 U.S.C. 461(b)(12)(A)) is amended by inserting “established by the Federal Open Market Committee” after “rate or rates”.

Union Calendar No. 837

115th CONGRESS
     2d Session
H. R. 4758
[Report No. 115–1078]
A BILL
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.
December 12, 2018
Committed to the Committee of the Whole House on the State of the Union and ordered to be printed