118th Congress · HOUSE BILLBILL

H.R. 4194 — Federal Reserve Racial and Economic Equity Act

“To amend the Federal Reserve Act to add additional demographic reporting requirements, to modify the goals of the Federal Reserve System, and for other purposes.”

Finance and financial sector

Introduced Jun 15, 2023

Last action Jun 15, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jun 15, 2023

Step 2

Referred

Jun 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 the Federal Reserve Board to carry out its duties in a manner that supports the elimination of racial and ethnic disparities in employment, income, wealth, and access to affordable credit. The board must report on disparities in labor force trends as well as on plans and activities of the board to minimize and eliminate these disparities.

Provisions · 3 sectionsIntroduced in House

Timeline · 2 actions

Jun 15, 2023

Introduced in House

Jun 15, 2023

Referred to the House Committee on Financial Services.