A bill to amend the Federal Reserve Act to require that detailed minutes of Federal Open Market Committee meetings shall be published on a deferred basis.

Summary

Amends the Federal Reserve Act to require that detailed minutes of Federal Open Market Committee meetings be released to the general public four years after the calendar year in which they occur. Authorizes the Board of Governors of the Federal Reserve System to delete information from such minutes which concerns foreign countries, central banks of foreign countries, or international institutions in which foreign countries or foreign central banks constitute a majority of the membership. Directs the Board to: (1) note such deletions in the minutes of the meeting to which they relate; (2) review such deletions for publication 15 years after such meeting; and (3) publish such deletions no later than 30 years after such meeting. Directs the Board to publish, within six months after the enactment of this Act, all previously unreleased minutes of Open Market Committee Meetings held prior to April 1, 1976.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 30 January 1980

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.