H.R. 4270: Monetary Policy Transparency and Accountability Act of 2017
CBO Score
$0
Documentation
Date of Report
Mon January 22nd, 2018
Legislation Details
115th Congress
To amend the Federal Reserve Act to ensure transparency in the conduct of monetary policy, and for other purposes.
Sponsor: Rep. Garland Barr — R — KY
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.
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