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H.R. 4758 115th Congress House

FOMC Policy Responsibility Act

Official title: To amend the Federal Reserve Act to require the Federal Open Market Committee to establish interest rates on balances maintained at a Federal Reserve Bank by depository institutions.

Introduced: January 10, 2018 Introduced by: Claudia Tenney Republican · New York See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresAdvisory bodiesBank accounts, deposits, capitalFederal Reserve System
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Federal officialsInterest, dividends, interest rates
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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
Dec 12, 2018
Placed on the Union Calendar, Calendar No. 837.
Dec 12, 2018
Reported by the Committee on Financial Services. H. Rept. 115-1078.
Sep 13, 2018
Ordered to be Reported by Voice Vote.
Sep 13, 2018
Committee Consideration and Mark-up Session Held.
Jan 10, 2018
Referred to the House Committee on Financial Services.
Jan 10, 2018
Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.
Jan 10, 2018
Introduced in House
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 Latest action December 12, 2018

Placed on the Union Calendar, Calendar No. 837.

 Plain-English summary Congressional Research Service

FOMC Policy Responsibility Act

This bill amends the Federal Reserve Act to require the Federal Open Market Committee to set the interest rates on balances maintained at Federal Reserve banks by depository institutions.

 Related & companion bills 2
  • HR 6741 Federal Reserve Reform Act of 2018
  • HR 10 Financial CHOICE Act of 2017
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 4758: FOMC Policy Responsibility Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-4758/
MLA
"H.R. 4758: FOMC Policy Responsibility Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-4758/.
Bluebook (legal)
H.R. 4758, 115th Cong. (2026), https://openamerica.io/bill/115-HR-4758/.
Markdown link
[H.R. 4758: FOMC Policy Responsibility Act](https://openamerica.io/bill/115-HR-4758/)
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