116-hr-8984116th Congress

Independence from Credit Policy Act of 2020

Sponsored By: Representative Hill, J. French [R-AR-2]

Unknown

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

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

AR • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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