summary
Introduced
08/04/2020
08/04/2020
In Committee
08/04/2020
08/04/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Federal Reserve Act to add additional demographic reporting requirements, to modify the goals of the Federal Reserve System, and for other purposes. This bill requires the Federal Reserve Board to carry out its duties in a manner that supports the elimination of racial and ethnic disparities in employment, income, wealth, and access to affordable credit. The board must report on disparities in labor force trends as well as on plans and activities of the board to minimize and eliminate these disparities.
AI Summary
This bill, the Federal Reserve Racial and Economic Equity Act, amends the Federal Reserve Act to require the Federal Reserve Board and the Federal Open Market Committee to carry out their duties in a manner that supports the elimination of racial and ethnic disparities in employment, income, wealth, and access to affordable credit. The bill also mandates the Federal Reserve to report on disparities in labor force trends and its plans and activities to minimize and eliminate these disparities.
Committee Categories
Business and Industry
Sponsors (14)
Maxine Waters (D)*,
Lacy Clay (D),
Emanuel Cleaver (D),
Sylvia Garcia (D),
Chuy García (D),
Al Green (D),
Al Lawson (D),
Stephen Lynch (D),
Carolyn Maloney (D),
Gregory Meeks (D),
Ayanna Pressley (D),
Michael San Nicolas (D),
Brad Sherman (D),
Nydia Velázquez (D),
Last Action
Referred to the House Committee on Financial Services. (on 08/04/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/7946/all-info |
| BillText | https://www.congress.gov/116/bills/hr7946/BILLS-116hr7946ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr7946/BILLS-116hr7946ih.pdf.pdf |
Loading...