HR 4758 · 115th Congress · Finance and Financial Sector

FOMC Policy Responsibility Act

Introduced 2018-01-10· Sponsored by Rep. Tenney, Claudia [R-NY-22]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 837.(2018-12-12)

Plain Language Summary

[AI summary unavailable — showing source text] FOMC Policy Responsibility Act This bill amends the Federal Reserve Act to require the Federal Open Market Committee to set the interest rates on balances maintained at Federal Reserve banks by depository institutions.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 4758, FOMC Policy Responsibility Act

Oct 15, 2018

As ordered reported by the House Committee on Financial Services on September 13, 2018

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office