US HB8982 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 16 2020 - 25% progression, died in committee
Action: 2020-12-16 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 16 2020 - 25% progression, died in committee
Action: 2020-12-16 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
FOMC Policy Responsibility Act
Sponsors
| Rep. French Hill [R-AR] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-12-16 | House | Referred to the House Committee on Financial Services. |
| 2020-12-16 | House | Introduced in House |
Subjects
Administrative law and regulatory procedures
Advisory bodies
Bank accounts, deposits, capital
Federal officials
Federal Reserve System
Finance and financial sector
Interest, dividends, interest rates
Advisory bodies
Bank accounts, deposits, capital
Federal officials
Federal Reserve System
Finance and financial sector
Interest, dividends, interest rates
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/8982/all-info |
| Text | https://www.congress.gov/116/bills/hr8982/BILLS-116hr8982ih.pdf |
