# 116-hr-8982: FOMC Policy Responsibility Act

116-hr-8982, FOMC Policy Responsibility Act, is a 116th Congress bill sponsored by Rep. Hill, J. French [R-AR-2] (R-AR); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8982
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8982
- Congress: 116
- Title: FOMC Policy Responsibility Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-12-16
- Sponsor: Rep. Hill, J. French [R-AR-2] (R-AR)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

FOMC Policy Responsibility Act This bill requires the Federal Open Market Committee to set the interest rates on balances maintained at Federal Reserve banks by or on behalf of depository institutions.

## Related bills

- 116-hr-8985: S Corp Access to Crowdfunding Act
- 116-hr-8984: Independence from Credit Policy Act of 2020
- 116-hr-8983: Small Business Audit Correction Act of 2020
- 116-hr-8765: Modernizing America’s Apprenticeship Act
- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-12: CTF Act

## Sources
- [116-hr-8982 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8982)

## Related
- [116-hr-8985: S Corp Access to Crowdfunding Act](https://policyrisk.com/legislation/116-hr-8985)
- [116-hr-8984: Independence from Credit Policy Act of 2020](https://policyrisk.com/legislation/116-hr-8984)
- [116-hr-8983: Small Business Audit Correction Act of 2020](https://policyrisk.com/legislation/116-hr-8983)
- [116-hr-8765: Modernizing America’s Apprenticeship Act](https://policyrisk.com/legislation/116-hr-8765)
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-12: CTF Act](https://policyrisk.com/legislation/116-hr-12)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8982 (as of 2025-11-18).