H.R. 1512 — To amend the Federal Reserve Act to remove the representatives of the Federal Reserve banks from membership on the Federal Open Market Committee.

Summary

Amends the Federal Reserve Act to remove from Federal Open Market Committee membership the presidents or first vice presidents, as appropriate, of the Federal Reserve banks.

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Legislative Actions

2011-04-13
Introduced in House
2011-04-13
Introduced in House
2011-04-13
Referred to the House Committee on Financial Services.
2011-05-02
Referred to the Subcommittee on Domestic Monetary Policy and Technology.

To amend the Federal Reserve Act to remove the representatives of the Federal Reserve banks from membership on the Federal Open Market Committee.

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