All Information (Except Text) for S.1018 - Federal Reserve Independence Act113th Congress (2013-2014)
|Sponsor:||Sen. Sanders, Bernard [I-VT] (Introduced 05/22/2013)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 05/22/2013 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
There is 1 version of this bill. View text
Click the check-box to add or remove the section, click the text link to scroll to that section.
Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|05/22/2013||Introduced in Senate|
05/22/2013 Introduced in Senate
All Actions (1)
|05/22/2013||Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|
Action By: Senate
05/22/2013 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|Sen. Boxer, Barbara [D-CA]*||05/22/2013|
|Sen. Begich, Mark [D-AK]*||05/22/2013|
|Committee / Subcommittee||Date||Activity||Related Documents|
|Senate Banking, Housing, and Urban Affairs||05/22/2013||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (05/22/2013)
Federal Reserve Independence Act - Amends the Federal Reserve Act regarding class A membership on the board of directors of a Federal Reserve Bank to require the Board of Governors of the Federal Reserve System (Federal Reserve Board) to designate members from among persons who are not employed in any capacity by a stockholding bank.
Requires the Federal Reserve Board to designate the class B members of such board of directors (class B members represent the public).
Prohibits employees of any Federal Reserve Board-regulated entity from serving on the board of directors of any Reserve Bank.
Prohibits any employee of the Federal Reserve System or any board member of a Reserve Bank from owning stock or investing in any company regulated by the Federal Reserve Board.
Directs the Comptroller General to report annually to Congress to ensure implementation of this Act.