118th Congress · HOUSE BILLBILL

H.R. 7247 — Ensuring Diverse Leadership Act of 2024

“To amend the Federal Reserve Act to require Federal Reserve banks to interview at least one individual reflective of gender diversity and one individual reflective of racial or ethnic diversity when appointing Federal Reserve bank presidents, and for other purposes.”

Finance and financial sector

Introduced Feb 6, 2024

Last action Feb 6, 2024

Pipeline · Bill → Law

Step 1

Introduced

Feb 6, 2024

Step 2

Referred

Feb 6, 2024

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires that, when appointing a president, a Federal Reserve Bank must interview at least one individual reflective of gender diversity and one reflective of racial or ethnic diversity. The bill amends numerous banking-, finance-, and trade-related acts to make references to officials (including those to the Chairman of the Board of Governors of the Federal Reserve System) gender-neutral.

Provisions · 4 sectionsIntroduced in House

Timeline · 2 actions

Feb 6, 2024

Introduced in House

Feb 6, 2024

Referred to the House Committee on Financial Services.