# 116-hr-8984: Independence from Credit Policy Act of 2020

116-hr-8984, Independence from Credit Policy Act of 2020, 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-8984
- 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-8984
- Congress: 116
- Title: Independence from Credit Policy Act of 2020
- 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

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.

## Related bills

- 116-hr-8985: S Corp Access to Crowdfunding Act
- 116-hr-8983: Small Business Audit Correction Act of 2020
- 116-hr-8982: FOMC Policy Responsibility Act
- 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-8984 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8984)

## Related
- [116-hr-8985: S Corp Access to Crowdfunding Act](https://policyrisk.com/legislation/116-hr-8985)
- [116-hr-8983: Small Business Audit Correction Act of 2020](https://policyrisk.com/legislation/116-hr-8983)
- [116-hr-8982: FOMC Policy Responsibility Act](https://policyrisk.com/legislation/116-hr-8982)
- [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-8984 (as of 2025-11-18).