summary
Introduced
07/13/2023
07/13/2023
In Committee
07/13/2023
07/13/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Federal Reserve Act to remove the designation of one of the members of the Board of Governors of the Federal Reserve System as the ‘‘Vice Chairman for Supervision’’, and for other purposes.
AI Summary
This bill, the Supervision Reform Act of 2023, proposes to amend the Federal Reserve Act to remove the designation of one of the members of the Board of Governors of the Federal Reserve System as the "Vice Chairman for Supervision." Specifically, it would strike the provision that requires the President, with the advice and consent of the Senate, to designate one of the two Vice Chairmen as the Vice Chairman for Supervision, who is tasked with developing policy recommendations and overseeing the supervision and regulation of depository institution holding companies and other financial firms supervised by the Board. Instead, the bill would only require the designation of one Vice Chairman of the Board.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 07/13/2023)
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/118th-congress/house-bill/4630/all-info |
| BillText | https://www.congress.gov/118/bills/hr4630/BILLS-118hr4630ih.pdf |
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