United States · Bill · HR
H.R. 4278 (115th)
Independence from Credit Policy Act of 2017
Introduced
7 November 2017
Last action
—
Status
Placed on the Union Calendar, Calendar No. 884.
Sponsors
—
Subjects
Discovery layer
Source updated
7 April 2025
Summary
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.
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Documents
5 official files
Reported in House (text)
Reported in House (text)
Reported in House · EN · 2 January 2019
Reported in House (PDF)
Reported in House · EN · 2 January 2019
Introduced in House (text)
Introduced in House · EN · 7 November 2017
Introduced in House (PDF)
Introduced in House · EN · 7 November 2017
Introduced in House
summary · EN · 7 November 2017
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/115th-congress/house-bill/4278
- Open data entity: https://api.congress.gov/v3/bill/115/hr/4278