118th Congress · HOUSE BILLBILL

H.R. 4630 — Supervision Reform Act of 2023

“To amend the Federal Reserve Act to remove the designation of one of the members of the Board of Governors of the Federal Reserve System as the "Vice Chairman for Supervision", and for other purposes.”

Finance and financial sector

Introduced Jul 13, 2023

Last action Jul 13, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 13, 2023

Step 2

Referred

Jul 13, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill eliminates the designation of Vice Chairman for Supervision from the Board of Governors of the Federal Reserve System. Currently, the Vice Chairman for Supervision develops policy recommendations for depository institution holding companies and other entities and oversees the supervision and regulation of these entities.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jul 13, 2023

Introduced in House

Jul 13, 2023

Referred to the House Committee on Financial Services.