Bill116th CongressFiled Dec 16, 2020Finance and Financial Sector
H.R. 8982
FOMC Policy Responsibility Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Dec 16, 2020)
FOMC Policy Responsibility Act
This bill requires the Federal Open Market Committee to set the interest rates on balances maintained at Federal Reserve banks by or on behalf of depository institutions.
What just happenedDec 16, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Hill, J. French [R-AR-2](R-AR)Sponsor
1committees3actions6subjects
- Introduced in HouseDec 16, 2020
- Dec 16, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Dec 16, 2020IntroReferralIntro-H
Introduced in House
- Dec 16, 2020IntroReferral1000
Introduced in House