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H.R. 4270 115th Congress House

Monetary Policy Transparency and Accountability Act of 2017

Official title: To amend the Federal Reserve Act to ensure transparency in the conduct of monetary policy, and for other purposes.

Introduced: January 11, 2018 Introduced by: Andy Barr Republican · Kentucky See on congress.gov
Economics and Public Finance Administrative law and regulatory proceduresCongressional oversightFederal Reserve SystemGovernment information and archives
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Interest, dividends, interest ratesMonetary policy
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 25, 2018
Placed on the Union Calendar, Calendar No. 500.
Apr 25, 2018
Reported by the Committee on Financial Services. H. Rept. 115-652.
Nov 14, 2017
Ordered to be Reported by the Yeas and Nays: 33 - 26.
Nov 14, 2017
Committee Consideration and Mark-up Session Held.
Nov 7, 2017
Referred to the House Committee on Financial Services.
Nov 7, 2017
Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.
Nov 7, 2017
Introduced in House
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 Latest action April 25, 2018

Placed on the Union Calendar, Calendar No. 500.

 Plain-English summary Congressional Research Service

Monetary Policy Transparency and Accountability Act of 2017

This bill amends the Federal Reserve Act to require the Federal Open Market Committee to annually publish its monetary policy strategy. The strategy must include short-term interest-rate targets, open-market operations, and earnings on Federal Reserve bank balances. The Chairman of the Federal Open Market Committee is required to report on such strategy semiannually.

 Related & companion bills 1
  • HR 6741 Federal Reserve Reform Act of 2018
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Republican 3
R
Budd, Ted
North Carolina · Feb 6, 2018
Pittenger, Robert
· Jan 22, 2018
 R
Huizenga, Bill
Michigan · Jan 11, 2018
Rokita, Todd
· Jan 11, 2018
 R
Wagner, Ann
Missouri · Jan 11, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4270: Monetary Policy Transparency and Accountability Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-4270/
MLA
"H.R. 4270: Monetary Policy Transparency and Accountability Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-4270/.
Bluebook (legal)
H.R. 4270, 115th Cong. (2026), https://openamerica.io/bill/115-HR-4270/.
Markdown link
[H.R. 4270: Monetary Policy Transparency and Accountability Act of 2017](https://openamerica.io/bill/115-HR-4270/)
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