H.R. 4270 · 115th Congress
Monetary Policy Transparency and Accountability Act of 2017
- Stage
- Reported from committee
- Sponsor
- Andy Barr
- Introduced
- 2017-11-07
- Latest action
- 2018-04-25 · Reported by the Committee on Financial Services. H. Rept. 115-652.
Summary
Monetary Policy Transparency and Accountability Act of 2017
This bill amends the Federal Reserve Act to require the Federal Open Market Committee to annually publish its monetary policy strategy. The strategy must include short-term interest-rate targets, open-market operations, and earnings on Federal Reserve bank balances. The Chairman of the Federal Open Market Committee is required to report on such strategy semiannually.