summary
Introduced
01/10/2018
01/10/2018
In Committee
09/13/2018
09/13/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
FOMC Policy Responsibility Act
AI Summary
This bill, the FOMC Policy Responsibility Act, amends the Federal Reserve Act to require the Federal Open Market Committee (FOMC) to establish the interest rates on balances maintained at a Federal Reserve Bank by depository institutions. This change aims to give the FOMC, which is responsible for the nation's monetary policy, more direct control over the setting of these interest rates.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Placed on the Union Calendar, Calendar No. 837. (on 12/12/2018)
Official Document
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