To amend the Federal Reserve Act to establish a blackout period for public communications by the Federal Open Market Committee, and for other purposes.
Federal Reserve Blackout Improvement Act
This bill amends the Federal Reserve Act to restrict the types of public communications that Federal Open Market Committee (FOMC) members and staff may make regarding financial developments or monetary policy during a "blackout period" (i.e., a period extending from approximately one week before an FOMC meeting to approximately one day afterwards).
Placed on the Union Calendar, Calendar No. 883.
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
Introduced in House
Introduced in House
Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.
Referred to the House Committee on Financial Services.
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