HR 8982 · 116th Congress · Finance and Financial Sector

FOMC Policy Responsibility Act

Introduced 2020-12-16· Sponsored by Rep. Hill, J. French [R-AR-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-12-16)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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