Bill

Bill > HR4757


US HR4757

US HR4757
Fully Informed District Bank Act


summary

Introduced
01/10/2018
In Committee
01/10/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Fully Informed District Bank Act This bill amends the Federal Reserve Act to modify the appointment processes for presidents and first vice presidents of Federal Reserve banks. Specifically, Class A directors (representatives of the banking industry) on a bank's board may vote on such appointments, as may, under current law, Class B and Class C directors (representatives of the public).

AI Summary

This bill amends the Federal Reserve Act to modify the appointment process for presidents of Federal Reserve Banks. Specifically, it allows Class A directors (representatives of the banking industry) on a bank's board to vote on such appointments, in addition to the Class B and Class C directors (representatives of the public) who can currently vote under existing law.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to the House Committee on Financial Services. (on 01/10/2018)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...