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United States · Bill · HR

H.R. 8984 (116th)

Independence from Credit Policy Act of 2020

referredUnited States· United States Congress· EN

Introduced

16 December 2020

Last action

16 December 2020 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. Hill, J. French [R-AR-2]

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Independence from Credit Policy Act of 2020 This bill limits the types of securities that the Federal Reserve Board may acquire in the open market to gold stock; currency; and direct obligations of the United States, foreign banks, or the International Monetary Fund. The board must exchange all other assets with the Department of the Treasury for direct U.S. obligations of equivalent value.

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

Timeline

  1. 16 December 2020

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 16 December 2020

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 16 December 2020

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 16 December 2020

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 16 December 2020

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 16 December 2020

    Open at official source

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Sponsors

Related records

Sources

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