118th Congress · HOUSE BILLBILL

H.R. 7579 — Emergency Lending Diversity Act of 2024

“To amend the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to establish goals for the use of diverse investment advisers, brokers, and dealers in investment management agreements related to the Board of Governors unusual and exigent circumstances authority, and for other purposes.”

Finance and financial sector

Introduced Mar 7, 2024

Last action Mar 7, 2024

Pipeline · Bill → Law

Step 1

Introduced

Mar 7, 2024

Step 2

Referred

Mar 7, 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 the Federal Reserve Board to set goals related to woman-, minority-, or veteran-owned or controlled firms in certain investment management agreements made related to the board's authority in unusual and exigent circumstances.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Mar 7, 2024

Introduced in House

Mar 7, 2024

Referred to the House Committee on Financial Services.