3.0.0 4278 2023-01-11T13:38:05Z 2023-01-11T13:38:05Z House HR 2017-11-07 115 [Congressional Record Volume 163, Number 181 (Tuesday, November 7, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HILL:H.R. 4278.Congress has the power to enact this legislation pursuantto the following :Article I, Section 8, Clause 1[Page H8597]]]> hsba00 Financial Services Committee House Standing hsba20 Financial Institutions and Monetary Policy Subcommittee Hearings by 2017-11-07T14:11:52Z Reported by 2019-01-02T17:45:58Z Markup by 2017-11-14T22:28:09Z Referred to 2017-11-07T15:03:35Z H. Rept. 115-1117 Federal Reserve Reform Act of 2018 115 6741 HR 2019-01-02 Placed on the Union Calendar, Calendar No. 883. Related bill CRS 2019-01-02 Placed on the Union Calendar, Calendar No. 884. Calendars H12410 2 House floor actions U00884 2019-01-02 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-1117. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2019-01-02 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-1117. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2017-11-14 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 33 - 26. Committee 2017-11-14 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-11-07 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-11-07 hsba20 Financial Institutions and Monetary Policy Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral. Committee 2017-11-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-11-07 Introduced in House IntroReferral 1000 9 Library of Congress H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 N B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2017-11-14 False Finance and Financial Sector Currency Federal Reserve System Monetary policy Securities Finance and Financial Sector 00 2017-11-07 Introduced in House 2018-05-15T17:14:35Z 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.

]]> Independence from Credit Policy Act of 2017 Display Title Independence from Credit Policy Act of 2017 Short Titles as Introduced Independence from Credit Policy Act of 2017 Short Titles as Reported to House Independence from Credit Policy Act of 2017 H House Official Title as Introduced To ensure that the operations of the Board of Governors of the Federal Reserve System remain independent from the credit policy of the United States, and for other purposes. Reported in House 2019-01-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4278rh/xml/BILLS-115hr4278rh.xml Introduced in House 2017-11-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4278ih/xml/BILLS-115hr4278ih.xml 2019-01-02 Placed on the Union Calendar, Calendar No. 884. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.