H.R. 1512 · 112th Congress
To amend the Federal Reserve Act to remove the representatives of the Federal Reserve banks from membership on the Federal Open Market Committee.
- Stage
- In committee
- Sponsor
- Barney Frank
- Introduced
- 2011-04-13
- Latest action
- 2011-05-02 · Referred to the Subcommittee on Domestic Monetary Policy and Technology.
Summary
Amends the Federal Reserve Act to remove from Federal Open Market Committee membership the presidents or first vice presidents, as appropriate, of the Federal Reserve banks.