HR-4270 : Still Just a Bill

Monetary Policy Transparency and Accountability Act of 2017

This bill amends the Federal Reserve Act to require the Federal Open Market Committee to annually publish its monetary policy strategy. The strategy must include short-term interest-rate targets, open-market operations, and earnings on Federal Reserve bank balances. The Chairman of the Federal Open Market Committee is required to report on such strategy semiannually.

Action Timeline

Action DateTypeTextSource
2018-04-25CalendarsPlaced on the Union Calendar, Calendar No. 500.House floor actions
2018-04-25CommitteeReported by the Committee on Financial Services. H. Rept. 115-652.House floor actions
2017-11-14CommitteeOrdered to be Reported by the Yeas and Nays: 33 - 26.House committee actions
2017-11-14CommitteeCommittee Consideration and Mark-up Session Held.House committee actions
2017-11-07IntroReferralReferred to the House Committee on Financial Services.House floor actions
2017-11-07CommitteeHearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.House committee actions
2017-11-07IntroReferralIntroduced in HouseLibrary of Congress

Policy Area :

Economics and Public Finance
See Subjects
  • Administrative law and regulatory procedures
  • Congressional oversight
  • Government information and archives
  • Interest, dividends, interest rates
  • Monetary policy
  • Federal Reserve System

Related Bills

See Related Bills