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H.R. 7946 116th Congress House

Federal Reserve Racial and Economic Equity Act

Official title: To amend the Federal Reserve Act to add additional demographic reporting requirements, to modify the goals of the Federal Reserve System, and for other purposes.

Introduced: August 4, 2020 Introduced by: Maxine Waters Democratic · California See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationCommunity life and organizationCongressional oversightConsumer credit
More subjectsShow fewer subjects
Credit and credit marketsEconomic performance and conditionsFederal Reserve SystemLabor marketMinority employmentMonetary policyRacial and ethnic relationsUnemploymentWages and earnings
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Aug 4, 2020
Introduced in House
Aug 4, 2020
Referred to the House Committee on Financial Services.
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 Latest action August 4, 2020

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Federal Reserve Racial and Economic Equity Act

This bill requires the Federal Reserve Board to carry out its duties in a manner that supports the elimination of racial and ethnic disparities in employment, income, wealth, and access to affordable credit. The board must report on disparities in labor force trends as well as on plans and activities of the board to minimize and eliminate these disparities.

 Related & companion bills 2
  • HR 2543 Reintroduced Bill Financial Services Racial Equity, Inclusion, and Economic Justice Act
  • S 4464 Federal Reserve Racial and Economic Equity Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 12
All 12 Democratic 9
CLAY, WM.
· Aug 7, 2020
 D
Cleaver, Emanuel
Missouri · Aug 7, 2020
 D
Garcia, Sylvia R.
Texas · Aug 7, 2020
 D
García, Jesús G. "Chuy"
Illinois · Aug 7, 2020
 D
Green, Al
Texas · Aug 7, 2020
Lawson, Al
· Aug 7, 2020
 D
Lynch, Stephen F.
Massachusetts · Aug 7, 2020
MALONEY, CAROLYN
· Aug 7, 2020
 D
Meeks, Gregory W.
New York · Aug 7, 2020
 D
Pressley, Ayanna
Massachusetts · Aug 7, 2020
 D
Sherman, Brad
California · Aug 7, 2020
 D
Velázquez, Nydia M.
New York · Aug 7, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7946: Federal Reserve Racial and Economic Equity Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7946/
MLA
"H.R. 7946: Federal Reserve Racial and Economic Equity Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7946/.
Bluebook (legal)
H.R. 7946, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7946/.
Markdown link
[H.R. 7946: Federal Reserve Racial and Economic Equity Act](https://openamerica.io/bill/116-HR-7946/)
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