Skip to main content
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
Sign in to write a letter Sign in to watch
This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 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
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

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 December 16, 2020

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8982: FOMC Policy Responsibility Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-8982/
MLA
"H.R. 8982: FOMC Policy Responsibility Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-8982/.
Bluebook (legal)
H.R. 8982, 116th Cong. (2026), https://openamerica.io/bill/116-HR-8982/.
Markdown link
[H.R. 8982: FOMC Policy Responsibility Act](https://openamerica.io/bill/116-HR-8982/)
Report a problem