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S. 1327 117th Congress Senate

Federal Reserve Racial and Economic Equity Act

Official title: A bill 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: April 22, 2021 Introduced by: Elizabeth Warren Democratic · Massachusetts 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 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Apr 22, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 22, 2021
Introduced in Senate
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 Latest action April 22, 2021

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 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 1
  • HR 2543 Financial Services Racial Equity, Inclusion, and Economic Justice Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 6 Independent 1
D
Blumenthal, Richard
Connecticut · Apr 22, 2021
 D
Cortez Masto, Catherine
Nevada · Apr 22, 2021
 D
Markey, Edward J.
Massachusetts · Apr 22, 2021
 D
Reed, Jack
Rhode Island · Apr 22, 2021
 I
Sanders, Bernard
Vermont · Apr 22, 2021
 D
Van Hollen, Chris
Maryland · Apr 22, 2021
 D
Warnock, Raphael G.
Georgia · Apr 22, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1327: Federal Reserve Racial and Economic Equity Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-1327/
MLA
"S. 1327: Federal Reserve Racial and Economic Equity Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1327/.
Bluebook (legal)
S. 1327, 117th Cong. (2026), https://openamerica.io/bill/117-S-1327/.
Markdown link
[S. 1327: Federal Reserve Racial and Economic Equity Act](https://openamerica.io/bill/117-S-1327/)
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