summary
Introduced
08/06/2020
08/06/2020
In Committee
08/06/2020
08/06/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill 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, aims to amend the Federal Reserve Act to require 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 bill requires the Federal Reserve Board to report on disparities in labor force trends, as well as on its plans and activities to minimize and eliminate these disparities. Additionally, the bill modifies the goals of the Federal Reserve System to include the elimination of racial and ethnic disparities.
Committee Categories
Housing and Urban Affairs
Sponsors (12)
Elizabeth Warren (D)*,
Richard Blumenthal (D),
Cory Booker (D),
Sherrod Brown (D),
Catherine Cortez Masto (D),
Dianne Feinstein (D),
Kirsten Gillibrand (D),
Martin Heinrich (D),
Ed Markey (D),
Jack Reed (D),
Bernie Sanders (I),
Chris Van Hollen (D),
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 08/06/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/4464/all-info |
| BillText | https://www.congress.gov/116/bills/s4464/BILLS-116s4464is.pdf |
| Bill | https://www.congress.gov/116/bills/s4464/BILLS-116s4464is.pdf.pdf |
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