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Closing the Racial Wealth Gap Act of 2019

10/28/2022, 1:46 AM

Congressional Summary of HR 5360

Closing the Racial Wealth Gap Act of 2019

This bill directs the Federal Reserve Board to collect, in specified surveys conducted by the board, data on household assets and debt with respect to respondents' race, ethnicity, tribal affiliation, and ancestral origin.

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Current Status of Bill HR 5360

Bill HR 5360 is currently in the status of Bill Introduced since December 9, 2019. Bill HR 5360 was introduced during Congress 116 and was introduced to the House on December 9, 2019.  Bill HR 5360's most recent activity was Referred to the House Committee on Financial Services. as of December 9, 2019

Bipartisan Support of Bill HR 5360

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5360

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Bank accounts, deposits, capital
- Census and government statistics
- Government information and archives
- Racial and ethnic relations

Alternate Title(s) of Bill HR 5360

Closing the Racial Wealth Gap Act of 2019
To require the Board of Governors of the Federal Reserve System to collect more data on race and wealth, and for other purposes.
Closing the Racial Wealth Gap Act of 2019

Comments

Sponsors and Cosponsors of HR 5360

Joyce Beatty
Joyce Beatty
OhioDemocrat

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