118th Congress · SENATE BILLBILL

S. 2257 — Federal Reserve Racial and Economic Equity Act

“A bill 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 Jul 12, 2023

Last action Jul 12, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 12, 2023

Step 2

Referred

Jul 12, 2023

Banking, Housing, and Urban Affairs

Step 3

Committee

Step 4

Senate

Step 5

House floor

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 Senate

Timeline · 2 actions

Jul 12, 2023

Introduced in Senate

Jul 12, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.