HR 8982
116th Congress
House
Finance and Financial Sector
Administrative law and regulatory procedures
Advisory bodies
Bank accounts, deposits, capital
Federal Reserve System
Federal officials
Interest, dividends, interest rates
FOMC Policy Responsibility Act
Introduced: December 16, 2020
Introduced by:
Hill, J. French
Republican
· Arkansas
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 16, 2020
Referred to the House Committee on Financial Services.
Dec 16, 2020
Introduced in House
Plain-English summary
FOMC Policy Responsibility Act
This bill requires the Federal Open Market Committee to set the interest rates on balances maintained at Federal Reserve banks by or on behalf of depository institutions.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1