,i #aafth ,,congress #b;d ,session ,h4 ,r4 #hihb ,,in ,,the ,,house ,,of ,,representatives ,december #af1 #bjbj,mr4 ,hill of ,arkansas introduced the following bill2 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 institutions4 #a4 ,short title ,this ,act may be cited as the ,,fomc ,policy ,responsibility ,act4 #b4 ,interest rates on balances maintained at a ,federal ,reserve ,bank by depository institutions established by ,federal ,open ,market ,committee ,subparagraph 7,a7 of section #ai7;b77#ab7 of the ,federal ,reserve ,act 7#ab ,u4,s4,c4 #dfa7;b77#ab77;,a77 is amended by inserting established by the ,federal ,open ,market ,committee after rate or rates4