Independence from Credit Policy Act of 2017
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Nov 7, 2017)
Independence from Credit Policy Act of 2017
This bill limits the types of securities that the Federal Reserve Board (FRB) may acquire in the open market to: (1) gold stock; (2) currency; and (3) direct obligations of the United States, foreign banks, or the International Monetary Fund. The FRB must exchange all other assets with the Department of the Treasury for direct U.S. obligations of equivalent value.
What just happenedJan 2, 2019
Placed on the Union Calendar, Calendar No. 884.
Who’s behind it
- Reported in HouseJan 2, 2019
- Introduced in HouseNov 7, 2017
- Jan 2, 2019CalendarsH12410
Placed on the Union Calendar, Calendar No. 884.
- Jan 2, 2019CommitteeH12200
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-1117.
Financial Services Committee - Jan 2, 2019Committee5000
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-1117.
Financial Services Committee - Nov 14, 2017Committee
Ordered to be Reported by the Yeas and Nays: 33 - 26.
Financial Services Committee - Nov 14, 2017Committee
Committee Consideration and Mark-up Session Held.
Financial Services Committee - Nov 7, 2017IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Nov 7, 2017Committee
Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.
Financial Institutions and Monetary Policy Subcommittee - Nov 7, 2017IntroReferralIntro-H
Introduced in House
- Nov 7, 2017IntroReferral1000
Introduced in House