Financial Services Committee, Financial Institutions and Monetary Policy Subcommittee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Fully Informed District Bank Act This bill amends the Federal Reserve Act to modify the appointment processes for presidents and first vice presidents of Federal Reserve banks. Specifically, Class A directors (representatives of the banking industry) on a bank's board may vote on such appointments, as may, under current law, Class B and Class C directors (representatives of the public).
To amend the Federal Reserve Act to modify the appointment process for presidents of Federal Reserve Banks.
USA115th CongressHR-4757| House
| Updated: 1/10/2018
Fully Informed District Bank Act This bill amends the Federal Reserve Act to modify the appointment processes for presidents and first vice presidents of Federal Reserve banks. Specifically, Class A directors (representatives of the banking industry) on a bank's board may vote on such appointments, as may, under current law, Class B and Class C directors (representatives of the public).