summary
Introduced
04/22/2021
04/22/2021
In Committee
04/22/2021
04/22/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Federal Reserve Act to add additional demo- graphic reporting requirements, to modify the goals of the Federal Reserve System, and for other purposes.
AI Summary
This bill, the Federal Reserve Racial and Economic Equity Act, amends the Federal Reserve Act to add additional demographic reporting requirements and modify the goals of the Federal Reserve System. Specifically, the bill requires the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to exercise their duties and functions in a manner that fosters the elimination of disparities across racial and ethnic groups with respect to employment, income, wealth, and access to affordable credit. The bill also mandates that the Federal Reserve's semiannual reports to Congress include discussions of these disparities and the Board's plans, activities, and actions to address them.
Committee Categories
Housing and Urban Affairs
Sponsors (10)
Elizabeth Warren (D)*,
Richard Blumenthal (D),
Sherrod Brown (D),
Catherine Cortez Masto (D),
Dianne Feinstein (D),
Ed Markey (D),
Jack Reed (D),
Bernie Sanders (I),
Chris Van Hollen (D),
Raphael Warnock (D),
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 04/22/2021)
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/117th-congress/senate-bill/1327/all-info |
| BillText | https://www.congress.gov/117/bills/s1327/BILLS-117s1327is.pdf |
| Bill | https://www.congress.gov/117/bills/s1327/BILLS-117s1327is.pdf.pdf |
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