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Regulation D Study Act

3/14/2024, 12:48 PM

Congressional Summary of HR 3240

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Regulation D Study Act - Directs the Comptroller General (GAO) to study the impact upon depository institutions, consumers, and monetary policy of the requirement that depository institutions maintain reserves in accordance with the Federal Reserve Act and Regulation D (Reserve Requirements of Depository Institutions).

Requires such study to include: (1) a historic review of how the Board of Governors of the Federal Reserve System has used reserve requirements to conduct U.S. monetary policy, (2) the impact of the maintenance of reserves upon depository institutions, (3) the impact upon consumers in managing their accounts, and (4) alternatives available to the Board to maintain reserves to effect monetary policy.

Current Status of Bill HR 3240

Bill HR 3240 is currently in the status of Bill Introduced since October 3, 2013. Bill HR 3240 was introduced during Congress 113 and was introduced to the House on October 3, 2013.  Bill HR 3240's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of December 3, 2014

Bipartisan Support of Bill HR 3240

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
34
Democrat Cosponsors
19
Republican Cosponsors
15
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3240

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Congressional oversight
- Federal Reserve System
- Government studies and investigations
- Monetary policy

Alternate Title(s) of Bill HR 3240

Regulation D Study Act
To instruct the Comptroller General of the United States to study the impact of Regulation D, and for other purposes.
Regulation D Study Act
Regulation D Study Act

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