diff --git a/moto/s3/models.py b/moto/s3/models.py
index 6796894f8..4a4601d3c 100644
--- a/moto/s3/models.py
+++ b/moto/s3/models.py
@@ -184,6 +184,7 @@ class FakeBucket(object):
         self.multiparts = {}
         self.versioning_status = None
         self.rules = []
+        self.policy = None
 
     @property
     def location(self):
@@ -269,6 +270,12 @@ class S3Backend(BaseBackend):
 
         return itertools.chain(*(l for _, l in bucket.keys.iterlists()))
 
+    def get_bucket_policy(self, bucket_name):
+        return self.get_bucket(bucket_name).policy
+
+    def set_bucket_policy(self, bucket_name, policy):
+        self.get_bucket(bucket_name).policy = policy
+
     def set_bucket_lifecycle(self, bucket_name, rules):
         bucket = self.get_bucket(bucket_name)
         bucket.set_lifecycle(rules)
diff --git a/moto/s3/responses.py b/moto/s3/responses.py
index adaefc230..551e22534 100644
--- a/moto/s3/responses.py
+++ b/moto/s3/responses.py
@@ -103,6 +103,12 @@ class ResponseObject(_TemplateEnvironmentMixin):
             versioning = self.backend.get_bucket_versioning(bucket_name)
             template = self.response_template(S3_BUCKET_GET_VERSIONING)
             return 200, headers, template.render(status=versioning)
+        elif 'policy' in querystring:
+            policy = self.backend.get_bucket_policy(bucket_name)
+            if not policy:
+                template = self.response_template(S3_NO_POLICY)
+                return 404, headers, template.render(bucket_name=bucket_name)
+            return 200, headers, policy
         elif 'versions' in querystring:
             delimiter = querystring.get('delimiter', [None])[0]
             encoding_type = querystring.get('encoding-type', [None])[0]
@@ -167,6 +173,9 @@ class ResponseObject(_TemplateEnvironmentMixin):
                 rules = [rules]
             self.backend.set_bucket_lifecycle(bucket_name, rules)
             return ""
+        elif 'policy' in querystring:
+            self.backend.set_bucket_policy(bucket_name, body)
+            return 'True'
         else:
             try:
                 new_bucket = self.backend.create_bucket(bucket_name, region_name)
@@ -706,3 +715,13 @@ S3_ALL_MULTIPARTS = """<?xml version="1.0" encoding="UTF-8"?>
   {% endfor %}
 </ListMultipartUploadsResult>
 """
+
+S3_NO_POLICY = """<?xml version="1.0" encoding="UTF-8"?>
+<Error>
+  <Code>NoSuchBucketPolicy</Code>
+  <Message>The bucket policy does not exist</Message>
+  <BucketName>{{ bucket_name }}</BucketName>
+  <RequestId>0D68A23BB2E2215B</RequestId>
+  <HostId>9Gjjt1m+cjU4OPvX9O9/8RuvnG41MRb/18Oux2o5H5MY7ISNTlXN+Dz9IG62/ILVxhAGI0qyPfg=</HostId>
+</Error>
+"""
diff --git a/tests/test_s3/test_s3.py b/tests/test_s3/test_s3.py
index 43f25c748..8e1c35f5c 100644
--- a/tests/test_s3/test_s3.py
+++ b/tests/test_s3/test_s3.py
@@ -6,6 +6,7 @@ from six.moves.urllib.error import HTTPError
 from functools import wraps
 from io import BytesIO
 
+import json
 import boto
 from boto.exception import S3CreateError, S3ResponseError
 from boto.s3.connection import S3Connection
@@ -823,3 +824,48 @@ def test_ranged_get():
     key.get_contents_as_string(headers={'Range': 'bytes=-700'}).should.equal(rep * 10)
 
     key.size.should.equal(100)
+
+
+@mock_s3
+def test_policy():
+    conn = boto.connect_s3()
+    bucket_name = 'mybucket'
+    bucket = conn.create_bucket(bucket_name)
+
+    policy = json.dumps({
+        "Version": "2012-10-17",
+        "Id": "PutObjPolicy",
+        "Statement": [
+            {
+                "Sid": "DenyUnEncryptedObjectUploads",
+                "Effect": "Deny",
+                "Principal": "*",
+                "Action": "s3:PutObject",
+                "Resource": "arn:aws:s3:::{bucket_name}/*".format(bucket_name=bucket_name),
+                "Condition": {
+                    "StringNotEquals": {
+                        "s3:x-amz-server-side-encryption": "aws:kms"
+                    }
+                }
+            }
+        ]
+    })
+
+    with assert_raises(S3ResponseError) as err:
+        bucket.get_policy()
+
+    ex = err.exception
+    ex.box_usage.should.be.none
+    ex.error_code.should.equal('NoSuchBucketPolicy')
+    ex.message.should.equal('The bucket policy does not exist')
+    ex.reason.should.equal('Not Found')
+    ex.resource.should.be.none
+    ex.status.should.equal(404)
+    ex.body.should.contain(bucket_name)
+    ex.request_id.should_not.be.none
+
+    bucket.set_policy(policy).should.be.true
+
+    bucket = conn.get_bucket(bucket_name)
+
+    bucket.get_policy().decode('utf-8').should.equal(policy)