HR 8984
116th Congress
House
Finance and Financial Sector
Currency
Federal Reserve System
Monetary policy
Securities
Independence from Credit Policy Act of 2020
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
Independence from Credit Policy Act of 2020
This bill limits the types of securities that the Federal Reserve Board may acquire in the open market to gold stock; currency; and direct obligations of the United States, foreign banks, or the International Monetary Fund. The board must exchange all other assets with the Department of the Treasury for direct U.S. obligations of equivalent value.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1