SENATE 957118th CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Federal Reserve Independence Act
- Last Action
- 3/23/2023
Actions
- 2023-03-23Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2023-03-23Introduced in Senate
CRS Summary
As of 2023-03-23 (00)
Federal Reserve Independence Act
This bill prohibits an employee of a bank holding company or other entity regulated by the Board of Governors of the Federal Reserve System from serving on the board of a Federal Reserve bank. Additionally, employees of the Federal Reserve System and board members of a Federal Reserve bank are prohibited from investing in companies regulated by the board.
Sourced from Congress.gov (public domain).
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