S 496
118th Congress
Senate
Finance and Financial Sector
Respect for Workers Act
Introduced: February 16, 2023
Introduced by:
Reed, Jack
Democratic
· Rhode Island
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 16, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S459)
Feb 16, 2023
Introduced in Senate
Plain-English summary
Respect for Workers Act
This bill requires at least one member of the Board of Governors of the Federal Reserve System to have experience supporting or protecting the rights of workers. This member is in charge of developing policy recommendations regarding the board's goal of maximum employment. (The board is made up of seven members that are nominated by the President and confirmed by the Senate. Members serve 14-year terms, with one term beginning every two years.)
The bill also requires the board to discuss in their semiannual report the distributional effect of monetary policy.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S459)
Committees of jurisdiction
1