3.0.0 8984 2023-01-11T13:43:58Z 2023-01-11T13:43:58Z House HR 2020-12-16 116 [Congressional Record Volume 166, Number 213 (Wednesday, December 16, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HILL of Arkansas:H.R. 8984.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1[Page H7228]]]> hsba00 Financial Services Committee House Standing Referred to 2020-12-16T17:02:10Z 2020-12-16 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-12-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-12-16 Introduced in House IntroReferral 1000 9 Library of Congress H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 N Finance and Financial Sector Currency Federal Reserve System Monetary policy Securities Finance and Financial Sector 00 2020-12-16 Introduced in House 2021-02-12T19:30:15Z Independence from Credit Policy Act of 2020

This bill limits the types of securities that the Federal Reserve Board may acquire in the open market to gold stock; currency; and direct obligations of the United States, foreign banks, or the International Monetary Fund. The board 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 2020 Display Title Independence from Credit Policy Act of 2020 Short Title(s) as Introduced Independence from Credit Policy Act of 2020 Introduced in House IH 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. Introduced in House IH Introduced in House 2020-12-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr8984ih/xml/BILLS-116hr8984ih.xml 2020-12-16 Referred to the House Committee on Financial Services. 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.