118th Congress · HOUSE BILLBILL

H.R. 3558Vice Chair of Supervision Banking Experience Requirement Act

To establish experience requirements for the Federal Reserve Vice Chair for Supervision.

Finance and financial sector
Introduced May 22, 2023
Last action May 22, 2023
Pipeline · Bill → Law
Step 1
Introduced
May 22, 2023
Step 2
Referred
May 22, 2023
Financial Services
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill establishes requirements for the Vice Chairman for Supervision of the Board of Governors of the Federal Reserve System. Specifically, an individual must have primary experience working in or supervising insured depository institutions, bank holding companies, or savings and loan holding companies. Additionally, any recommendations provided by the Vice Chairman to the board regarding regulation and supervision must be provided to the board before the recommendation is made public.

Provisions · 2 sectionsIntroduced in House
Timeline · 2 actions
May 22, 2023
Introduced in House
May 22, 2023
Referred to the House Committee on Financial Services.