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House Bill 4759
115th Congress(2017-2018)
FOMC Representation Improvement Act
Introduced
Introduced
Introduced in House on Jan 10, 2018
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Text
Introduced in House 
Jan 10, 2018
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Introduced in House(Jan 10, 2018)
Jan 10, 2018
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
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.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 4759 (Introduced-in-House)


115th CONGRESS
2d Session
H. R. 4759


To amend the Federal Reserve Act to revise the membership of Federal Open Market Committee, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

January 10, 2018

Mr. Williams introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Federal Reserve Act to revise the membership of Federal Open Market Committee, and for other purposes.

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 Representation Improvement Act”.

SEC. 2. Membership of Federal Open Market Committee.

Section 12A(a) of the Federal Reserve Act (12 U.S.C. 263(a)) is amended—

(1) in the first sentence, by striking “five representatives of the Federal Reserve banks to be selected as hereinafter provided” and inserting “one representative from each of the Federal Reserve banks”;

(2) in the second sentence, by striking “and, beginning” and all that follows through “San Francisco”; and

(3) by striking the third and fourth sentences.