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H.R. 4194 118th 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: June 15, 2023 Introduced by: Maxine Waters Democratic · California See on congress.gov
Finance and Financial Sector
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Jun 15, 2023
Referred to the House Committee on Financial Services.
Jun 15, 2023
Introduced in House
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 Latest action June 15, 2023

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
  • S 2257 Identical bill Federal Reserve Racial and Economic Equity Act
  • HR 2543 Reintroduction of Financial Services Racial Equity, Inclusion, and Economic Justice Act
 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. 4194: Federal Reserve Racial and Economic Equity Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4194/
MLA
"H.R. 4194: Federal Reserve Racial and Economic Equity Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4194/.
Bluebook (legal)
H.R. 4194, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4194/.
Markdown link
[H.R. 4194: Federal Reserve Racial and Economic Equity Act](https://openamerica.io/bill/118-HR-4194/)
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