H.R. 4758 · 115th Congress
FOMC Policy Responsibility Act
- Stage
- Reported from committee
- Sponsor
- Claudia Tenney
- Introduced
- 2018-01-10
- Latest action
- 2018-12-12 · Reported by the Committee on Financial Services. H. Rept. 115-1078.
Summary
FOMC Policy Responsibility Act
This bill amends the Federal Reserve Act to require the Federal Open Market Committee to set the interest rates on balances maintained at Federal Reserve banks by depository institutions.