summary
Introduced
01/10/2018
01/10/2018
In Committee
01/10/2018
01/10/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
FOMC Representation Improvement Act This bill amends the Federal Reserve Act to revise the membership of the Federal Open Market Committee.
AI Summary
This bill, the FOMC Representation Improvement Act, amends the Federal Reserve Act to revise the membership of the Federal Open Market Committee (FOMC). Specifically, it changes the FOMC's composition from five representatives of the Federal Reserve banks to one representative from each of the Federal Reserve banks, removing the requirement for the selection of the representatives to be done in a particular manner.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 01/10/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/4759/all-info |
| BillText | https://www.congress.gov/115/bills/hr4759/BILLS-115hr4759ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr4759/BILLS-115hr4759ih.pdf.pdf |
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