S 957 118th Congress Senate Finance and Financial Sector

Federal Reserve Independence Act

Introduced: March 23, 2023 Introduced by: Sanders, Bernard Independent · Vermont See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 23, 2023

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

Mar 23, 2023

Introduced in Senate

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Plain-English summary Congressional Research Service

Federal Reserve Independence Act

This bill prohibits an employee of a bank holding company or other entity regulated by the Board of Governors of the Federal Reserve System from serving on the board of a Federal Reserve bank. Additionally, employees of the Federal Reserve System and board members of a Federal Reserve bank are prohibited from investing in companies regulated by the board.

What's happening now March 23, 2023

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

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Banking, Housing, and Urban Affairs Committee
Senate

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APA

U.S. Congress. (2026). S. 957: Federal Reserve Independence Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-957/

MLA

"S. 957: Federal Reserve Independence Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-957/.

Bluebook (legal)

S. 957, 118th Cong. (2026), https://openamerica.io/bill/118-S-957/.

Markdown link

[S. 957: Federal Reserve Independence Act](https://openamerica.io/bill/118-S-957/)