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Federal Reserve Independence Act
12/15/2023, 4:06 PM
Congressional Summary of S 957
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.
Read the Full Bill
Current Status of Bill S 957
Bill S 957 is currently in the status of Bill Introduced since March 23, 2023. Bill S 957 was introduced during Congress 118 and was introduced to the Senate on March 23, 2023. Bill S 957's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 23, 2023
Bipartisan Support of Bill S 957
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
0Unaffiliated Sponsors
1Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 957
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill S 957
Federal Reserve Independence Act
Federal Reserve Independence Act
A bill to amend the Federal Reserve Act to restrict conflicts of interest on the boards of directors of Federal reserve banks, and for other purposes.
Comments
Sponsors and Cosponsors of S 957
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