Independence from Credit Policy Act of 2017
This bill limits the types of securities that the Federal Reserve Board (FRB) may acquire in the open market to: (1) gold stock; (2) currency; and (3) direct obligations of the United States, foreign banks, or the International Monetary Fund. The FRB must exchange all other assets with the Department of the Treasury for direct U.S. obligations of equivalent value.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2019-01-02 | Calendars | Placed on the Union Calendar, Calendar No. 884. | House floor actions |
| 2019-01-02 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 115-1117. | House floor actions |
| 2017-11-14 | Committee | Ordered to be Reported by the Yeas and Nays: 33 - 26. | House committee actions |
| 2017-11-14 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-11-07 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2017-11-07 | Committee | Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral. | House committee actions |
| 2017-11-07 | IntroReferral | Introduced in House | Library of Congress |