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HR 557 98th Congress House

A bill to provide that any policy change which is adopted by the Board of Governors of the Federal Reserve System or by the Federal Open Market Committee and which will affect interest rates or the…

Official title: A bill to provide that any policy change which is adopted by the Board of Governors of the Federal Reserve System or by the Federal Open Market Committee and w… Show full official titleShow less

Official title: A bill to provide that any policy change which is adopted by the Board of Governors of the Federal Reserve System or by the Federal Open Market Committee and which will affect interest rates or the supply of money shall be subject to a Congressional disapproval procedure.

Introduced: January 6, 1983 See on congress.gov
Finance and Financial Sector
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 8, 1983
Referred to Subcommittee on Domestic Monetary Policy.
Jan 6, 1983
Referred to House Committee on Banking, Finance and Urban Affairs.
Jan 6, 1983
Introduced in House
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 Latest action February 8, 1983

Referred to Subcommittee on Domestic Monetary Policy.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 557: A bill to provide that any policy change which is adopted by the Board of Governors of the Federal Reserve System or by the Federal Open Market Committee and which will affect interest rates or the supply of money shall be subject to a Congressional disapproval procedure.. 98th Congress. Open America. https://openamerica.io/bill/98-HR-557/
MLA
"H.R. 557: A bill to provide that any policy change which is adopted by the Board of Governors of the Federal Reserve System or by the Federal Open Market Committee and which will affect interest rates or the supply of money shall be subject to a Congressional disapproval procedure.." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-557/.
Bluebook (legal)
H.R. 557, 98th Cong. (2026), https://openamerica.io/bill/98-HR-557/.
Markdown link
[H.R. 557: A bill to provide that any policy change which is adopted by the Board of Governors of the Federal Reserve System or by the Federal Open Market Committee and which will affect interest rates or the supply of money shall be subject to a Congressional disapproval procedure.](https://openamerica.io/bill/98-HR-557/)
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