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HR 3720 109th Congress House

Repeal of Federal Reserve Board Term Limitation Act

Official title: To amend the Federal Reserve Act to permit members of the Board of Governors of the Federal Reserve System to be appointed to more than 1 term of office.

Introduced: September 8, 2005 Introduced by: Sherman, Brad Democratic · California See on congress.gov
Finance and Financial Sector Economics and Public FinanceFederal Reserve SystemFederal officialsGovernment Operations and PoliticsTerm limits
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 8, 2005
Referred to the House Committee on Financial Services.
Sep 8, 2005
Introduced in House
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 Latest action September 8, 2005

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Repeal of Federal Reserve Board Term Limitation Act - Amends the Federal Reserve Act to repeal the term limitation on Federal Reserve Board membership.

Provides that any member of the Board who has served a full term of 14 years is eligible for reappointment to a five-year term.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3720: Repeal of Federal Reserve Board Term Limitation Act. 109th Congress. Open America. https://openamerica.io/bill/109-HR-3720/
MLA
"H.R. 3720: Repeal of Federal Reserve Board Term Limitation Act." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-3720/.
Bluebook (legal)
H.R. 3720, 109th Cong. (2026), https://openamerica.io/bill/109-HR-3720/.
Markdown link
[H.R. 3720: Repeal of Federal Reserve Board Term Limitation Act](https://openamerica.io/bill/109-HR-3720/)
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