I 115th CONGRESS 2d Session H. R. 4758 IN THE HOUSE OF REPRESENTATIVES January 10, 2018 Ms. Tenney introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Federal Reserve Act to require the Federal Open Market Committee to establish interest rates on balances maintained at a Federal Reserve Bank by depository institutions.

1. Short title This Act may be cited as the FOMC Policy Responsibility Act . 2. Interest rates on balances maintained at a Federal Reserve Bank by depository institutions established by Federal Open Market Committee Subparagraph (A) of section 19(b)(12) of the Federal Reserve Act ( 12 U.S.C. 461(b)(12)(A) ) is amended by inserting established by the Federal Open Market Committee after rate or rates .