Bill journey · stage 2 of 5
Under committee review
What it doesSummary reported to house without amendment (Apr 25, 2018)
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.
What just happenedApr 25, 2018
Placed on the Union Calendar, Calendar No. 500.
Who’s behind it
Placed on the Union Calendar, Calendar No. 500.
Reported by the Committee on Financial Services. H. Rept. 115-652.
Reported by the Committee on Financial Services. H. Rept. 115-652.
Ordered to be Reported by the Yeas and Nays: 33 - 26.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Financial Services.
Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.
Introduced in House
Introduced in House
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.
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.