<?xml version="1.0" encoding="utf-8" standalone="no"?>
<billStatus>
  <version>3.0.0</version>
  <bill>
    <number>4758</number>
    <updateDate>2023-01-11T13:39:02Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:39:02Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2018-01-10</introducedDate>
    <congress>115</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 164, Number 6 (Wednesday, January 10, 2018)]From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Ms. TENNEY:H.R. 4758.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18: The Congress shall havepower . . . To make all Laws which shall be necessary andproper for carrying into Execution the foregoing Powers, andall other Powers vested by this Constitution in theGovernment of the United States, or in any Department orOfficer thereof.[Page H132]</pre>]]></constitutionalAuthorityStatementText>
    <committees>
      <item>
        <systemCode>hsba00</systemCode>
        <name>Financial Services Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
        <subcommittees>
          <item>
            <systemCode>hsba20</systemCode>
            <name>Financial Institutions and Monetary Policy Subcommittee</name>
            <activities>
              <item>
                <name>Hearings by</name>
                <date>2018-01-10T14:20:20Z</date>
              </item>
            </activities>
          </item>
        </subcommittees>
        <activities>
          <item>
            <name>Reported by</name>
            <date>2018-12-12T19:57:01Z</date>
          </item>
          <item>
            <name>Markup by</name>
            <date>2018-09-13T15:17:37Z</date>
          </item>
          <item>
            <name>Referred to</name>
            <date>2018-01-10T15:02:40Z</date>
          </item>
        </activities>
      </item>
    </committees>
    <committeeReports>
      <committeeReport>
        <citation>H. Rept. 115-1078</citation>
      </committeeReport>
    </committeeReports>
    <relatedBills>
      <item>
        <title>Federal Reserve Reform Act of 2018</title>
        <congress>115</congress>
        <number>6741</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2019-01-02</actionDate>
          <text>Placed on the Union Calendar, Calendar No. 883.</text>
        </latestAction>
        <relationshipDetails>
          <item>
            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
          </item>
        </relationshipDetails>
      </item>
      <item>
        <title>Financial CHOICE Act of 2017</title>
        <congress>115</congress>
        <number>10</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2017-07-13</actionDate>
          <text>Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.</text>
        </latestAction>
        <relationshipDetails>
          <item>
            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
          </item>
        </relationshipDetails>
      </item>
    </relatedBills>
    <actions>
      <item>
        <actionDate>2018-12-12</actionDate>
        <text>Placed on the Union Calendar, Calendar No. 837.</text>
        <type>Calendars</type>
        <actionCode>H12410</actionCode>
        <sourceSystem>
          <code>2</code>
          <name>House floor actions</name>
        </sourceSystem>
        <calendarNumber>
          <calendar>U00837</calendar>
        </calendarNumber>
      </item>
      <item>
        <actionDate>2018-12-12</actionDate>
        <text>Reported by the Committee on Financial Services. H. Rept. 115-1078.</text>
        <type>Committee</type>
        <actionCode>H12200</actionCode>
        <sourceSystem>
          <code>2</code>
          <name>House floor actions</name>
        </sourceSystem>
        <committees>
          <item>
            <systemCode>hsba00</systemCode>
            <name>Financial Services Committee</name>
          </item>
        </committees>
      </item>
      <item>
        <actionDate>2018-12-12</actionDate>
        <text>Reported by the Committee on Financial Services. H. Rept. 115-1078.</text>
        <type>Committee</type>
        <actionCode>5000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
        </sourceSystem>
        <committees>
          <item>
            <systemCode>hsba00</systemCode>
            <name>Financial Services Committee</name>
          </item>
        </committees>
      </item>
      <item>
        <actionDate>2018-09-13</actionDate>
        <committees>
          <item>
            <systemCode>hsba00</systemCode>
            <name>Financial Services Committee</name>
          </item>
        </committees>
        <sourceSystem>
          <code>1</code>
          <name>House committee actions</name>
        </sourceSystem>
        <text>Ordered to be Reported by Voice Vote.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2018-09-13</actionDate>
        <committees>
          <item>
            <systemCode>hsba00</systemCode>
            <name>Financial Services Committee</name>
          </item>
        </committees>
        <sourceSystem>
          <code>1</code>
          <name>House committee actions</name>
        </sourceSystem>
        <text>Committee Consideration and Mark-up Session Held.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2018-01-10</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
        <type>IntroReferral</type>
        <actionCode>H11100</actionCode>
        <sourceSystem>
          <code>2</code>
          <name>House floor actions</name>
        </sourceSystem>
        <committees>
          <item>
            <systemCode>hsba00</systemCode>
            <name>Financial Services Committee</name>
          </item>
        </committees>
      </item>
      <item>
        <actionDate>2018-01-10</actionDate>
        <committees>
          <item>
            <systemCode>hsba20</systemCode>
            <name>Financial Institutions and Monetary Policy Subcommittee</name>
          </item>
        </committees>
        <sourceSystem>
          <code>1</code>
          <name>House committee actions</name>
        </sourceSystem>
        <text>Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2018-01-10</actionDate>
        <text>Introduced in House</text>
        <type>IntroReferral</type>
        <actionCode>Intro-H</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
        </sourceSystem>
      </item>
      <item>
        <actionDate>2018-01-10</actionDate>
        <text>Introduced in House</text>
        <type>IntroReferral</type>
        <actionCode>1000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
        </sourceSystem>
      </item>
    </actions>
    <sponsors>
      <item>
        <bioguideId>T000478</bioguideId>
        <fullName>Rep. Tenney, Claudia [R-NY-22]</fullName>
        <firstName>Claudia</firstName>
        <lastName>Tenney</lastName>
        <party>R</party>
        <state>NY</state>
        <district>22</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cboCostEstimates>
      <item>
        <pubDate>2018-10-15T15:53:07Z</pubDate>
        <title>H.R. 4758, FOMC Policy Responsibility Act</title>
        <url>https://www.cbo.gov/publication/54580</url>
        <description>As ordered reported by the House Committee on Financial Services on September 13, 2018</description>
      </item>
    </cboCostEstimates>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Administrative law and regulatory procedures</name>
        </item>
        <item>
          <name>Advisory bodies</name>
        </item>
        <item>
          <name>Bank accounts, deposits, capital</name>
        </item>
        <item>
          <name>Federal Reserve System</name>
        </item>
        <item>
          <name>Federal officials</name>
        </item>
        <item>
          <name>Interest, dividends, interest rates</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2018-01-10</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2019-04-18T20:04:50Z</updateDate>
        <text><![CDATA[ <p><b>FOMC Policy Responsibility Act</b></p> <p>This bill amends the Federal Reserve Act to require the Federal Open Market Committee to&nbsp;set the&nbsp;interest rates on balances maintained at Federal Reserve banks by depository institutions. </p>]]></text>
      </summary>
    </summaries>
    <title>FOMC Policy Responsibility Act</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>FOMC Policy Responsibility Act</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>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.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Reported to House</titleType>
        <title>FOMC Policy Responsibility Act</title>
        <chamberCode>H</chamberCode>
        <chamberName>House</chamberName>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>FOMC Policy Responsibility Act</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Reported in House</type>
        <date>2018-12-12T05:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-115hr4758rh/xml/BILLS-115hr4758rh.xml</url>
          </item>
        </formats>
      </item>
      <item>
        <type>Introduced in House</type>
        <date>2018-01-10T05:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-115hr4758ih/xml/BILLS-115hr4758ih.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2018-12-12</actionDate>
      <text>Placed on the Union Calendar, Calendar No. 837.</text>
    </latestAction>
  </bill>
  <dublinCore xmlns:dc="http://purl.org/dc/elements/1.1/">
    <dc:format>text/xml</dc:format>
    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
  </dublinCore>
</billStatus>
