S 2937
113th Congress
Senate
Finance and Financial Sector
Congressional oversight
Federal Reserve System
Federal officials
New York City
A bill to require the president of the Federal Reserve Bank of New York to be appointed by the President, by and with the advice and consent of the Senate.
Introduced: November 18, 2014
Introduced by:
Reed, Jack
Democratic
· Rhode Island
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 18, 2014
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 18, 2014
Sponsor introductory remarks on measure. (CR S6096-6097)
Nov 18, 2014
Introduced in Senate
Plain-English summary
Amends the Federal Reserve Act to require the president of the Federal Reserve Bank of New York to be appointed by the President, by and with the advice and consent of the Senate, for terms of five years.
Requires the president of the Federal Reserve Bank of New York to testify annually to certain congressional committees.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1