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H.R.4270 - Monetary Policy Transparency and Accountability Act of 2017115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Barr, Andy [R-KY-6] (Introduced 11/07/2017)
Committees: House - Financial Services
Committee Reports: H. Rept. 115-652
Latest Action: House - 04/25/2018 Placed on the Union Calendar, Calendar No. 500.  (All Actions)

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This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

More on This Bill

  • Constitutional Authority Statement
  • CBO Cost Estimates [2]

Subject — Policy Area:

Summary: H.R.4270 — 115th Congress (2017-2018)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Reported to House without amendment (04/25/2018)

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.