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
Federal Reserve Blackout Improvement Act This bill amends the Federal Reserve Act to restrict the types of public communications that Federal Open Market Committee (FOMC) members and staff may make regarding financial developments or monetary policy during a "blackout period" (i.e., a period extending from approximately one week before an FOMC meeting to approximately one day afterwards).
AI Summary
This bill amends the Federal Reserve Act to establish a "blackout period" during which members and staff of the Federal Open Market Committee (FOMC) are restricted in the types of public communications they can make regarding macroeconomic or financial developments, or current/prospective monetary policy. The blackout period extends from one week before an FOMC meeting to one day after the meeting. During this time, the only permitted communications are the dissemination of published data, surveys, and reports cleared by the Federal Reserve Board; answering technical questions about data releases; and communications related to the Board's prudential or supervisory functions. The bill exempts the Chairman of the Federal Reserve Board from these restrictions.
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/4756/all-info |
| BillText | https://www.congress.gov/115/bills/hr4756/BILLS-115hr4756ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr4756/BILLS-115hr4756ih.pdf.pdf |
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