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.
About This Bill
Committee
Latest Action · December 16, 2020
Referred to the House Committee on Financial Services.
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.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.