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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (3)

Short Titles

Short Titles - House of Representatives

Short Titles as Reported to House

Independence from Credit Policy Act of 2017

Short Titles as Introduced

Independence from Credit Policy Act of 2017

Official Titles

Official Titles - House of Representatives

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.


Actions Overview (2)

Date Actions Overview
01/02/2019Reported (Amended) by the Committee on Financial Services. H. Rept. 115-1117.
11/07/2017Introduced in House

All Actions (7)

Date All Actions
01/02/2019Placed on the Union Calendar, Calendar No. 884.
Action By: House of Representatives
01/02/2019Reported (Amended) by the Committee on Financial Services. H. Rept. 115-1117.
11/14/2017Ordered to be Reported by the Yeas and Nays: 33 - 26.
Action By: Committee on Financial Services
11/14/2017Committee Consideration and Mark-up Session Held.
Action By: Committee on Financial Services
11/07/2017Referred to the House Committee on Financial Services.
Action By: House of Representatives
11/07/2017Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.
Action By: House Financial Services Subcommittee on Monetary Policy and Trade
11/07/2017Introduced in House
Action By: House of Representatives

Cosponsors (1)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Barr, Andy [R-KY-6] 11/14/2017

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Financial Services11/07/2017 Referred to
11/14/2017 Markup by
01/02/2019 Reported by H. Rept. 115-1117
House Financial Services Subcommittee on Monetary Policy and Trade11/07/2017 Hearings by

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.


Subjects (5)


Latest Summary (1)

There is one summary for H.R.4278. View summaries

Shown Here:
Introduced in House (11/07/2017)

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.