Pipeline · Bill → Law
Step 1
Introduced
May 15, 2023
Step 2
Referred
May 15, 2023
Financial Services
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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.
Timeline · 2 actions
May 15, 2023
Introduced in House
May 15, 2023
Referred to the House Committee on Financial Services.