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
Plain-English summary
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
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1