Bill116th CongressFiled Dec 16, 2020Finance and Financial Sector
H.R. 8984
Independence from Credit Policy Act of 2020
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)
Independence from Credit Policy Act of 2020
This bill limits the types of securities that the Federal Reserve Board may acquire in the open market to gold stock; currency; and direct obligations of the United States, foreign banks, or the International Monetary Fund. The board must exchange all other assets with the Department of the Treasury for direct U.S. obligations of equivalent value.
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
1committees3actions4subjects
- 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