# 115-hr-4278: Independence from Credit Policy Act of 2017

115-hr-4278, Independence from Credit Policy Act of 2017, is a 115th Congress bill sponsored by Rep. Hill, J. French [R-AR-2] (R-AR); status Placed on the Union Calendar, Calendar No. 884. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-4278
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-4278
- Congress: 115
- Title: Independence from Credit Policy Act of 2017
- Status: Placed on the Union Calendar, Calendar No. 884.
- Introduced: 2017-11-07
- Sponsor: Rep. Hill, J. French [R-AR-2] (R-AR)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (1)

- Rep. Barr, Andy [R-KY-6] (R-KY), 2017-11-14T00:00:00.000Z

## Related bills

- 115-hr-6510: Restore Our Parks and Public Lands Act
- 115-hr-6417: AG and Legal Workforce Act
- 115-hr-5499: Stephen Michael Gleason Congressional Gold Medal Act
- 115-hr-5266: Financial Product Safety Commission Act of 2018
- 115-hr-5247: Trickett Wendler, Frank Mongiello, Jordan McLinn, and Matthew Bellina Right to Try Act of 2018
- 115-hr-5197: ALTO Act

## Sources
- [115-hr-4278 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/4278)

## Related
- [115-hr-6510: Restore Our Parks and Public Lands Act](https://policyrisk.com/legislation/115-hr-6510)
- [115-hr-6417: AG and Legal Workforce Act](https://policyrisk.com/legislation/115-hr-6417)
- [115-hr-5499: Stephen Michael Gleason Congressional Gold Medal Act](https://policyrisk.com/legislation/115-hr-5499)
- [115-hr-5266: Financial Product Safety Commission Act of 2018](https://policyrisk.com/legislation/115-hr-5266)
- [115-hr-5247: Trickett Wendler, Frank Mongiello, Jordan McLinn, and Matthew Bellina Right to…](https://policyrisk.com/legislation/115-hr-5247)
- [115-hr-5197: ALTO Act](https://policyrisk.com/legislation/115-hr-5197)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-4278 (as of 2025-11-18).