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H.R.4270 / 115th Congress

Monetary Policy Transparency and Accountability Act of 2017

Placed on the Union Calendar, Calendar No. 500.

Official summary

Version 79 · Reported to House without amendment · Apr 25, 2018

Monetary Policy Transparency and Accountability Act of 2017

This bill amends the Federal Reserve Act to require the Federal Open Market Committee to annually publish its monetary policy strategy. The strategy must include short-term interest-rate targets, open-market operations, and earnings on Federal Reserve bank balances. The Chairman of the Federal Open Market Committee is required to report on such strategy semiannually.

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Who introduced it

Rep. Barr, Andy [R-KY-6] · R–KY

Committees

  • Financial Services Committee
5 cosponsorship records, including any withdrawals

Actions

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  1. Placed on the Union Calendar, Calendar No. 500.

  2. Reported by the Committee on Financial Services. H. Rept. 115-652.

  3. Reported by the Committee on Financial Services. H. Rept. 115-652.

  4. Ordered to be Reported by the Yeas and Nays: 33 - 26.

  5. Committee Consideration and Mark-up Session Held.

  6. Referred to the House Committee on Financial Services.

  7. Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.

  8. Introduced in House

  9. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.

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Objective

Analyze H.R.4270 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

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Institutions and government scope

Conservative lens

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Individual rights and government power

Liberty lens

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