Federal Reserve Racial and Economic Equity Act
Latest action · Aug 6, 2020 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedAug 6, 2020
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Federal Reserve Racial and Economic Equity Act
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.
Cosponsors 11
Members who signed on, in the order they did. Signatures ran from Aug 6, 2020 to Sep 8, 2020, with 9 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| I-VT | Bernard Sanders | Original | Aug 6, 2020 |
| D-MD | Chris Van Hollen | Original | Aug 6, 2020 |
| D-NJ | Cory A. Booker | Original | Aug 6, 2020 |
| D-CA | Dianne Feinstein | Original | Aug 6, 2020 |
| D-MA | Edward J. Markey | Original | Aug 6, 2020 |
| D-RI | Jack Reed | Original | Aug 6, 2020 |
| D-NY | Kirsten E. Gillibrand | Original | Aug 6, 2020 |
| D-CT | Richard Blumenthal | Original | Aug 6, 2020 |
| D-OH | Sherrod Brown | Original | Aug 6, 2020 |
| D-NV | Catherine Cortez Masto | Sep 8, 2020 | |
| D-NM | Martin Heinrich | Sep 8, 2020 |
Actions 2
Everything that happened, newest first.
- Aug 6, 2020Introduced in Senate
- Aug 6, 2020Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 7946 | Federal Reserve Racial and Economic Equity Act | Related bill | Aug 4, 2020 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Banking and financial institutions regulation
- Community life and organization
- Congressional oversight
- Consumer credit
- Credit and credit markets
- Economic performance and conditions
- Federal Reserve System
- Finance and Financial Sector
- Labor market
- Minority employment
- Monetary policy
- Racial and ethnic relations
- Unemployment
- Wages and earnings
Text 1
Each version as it was printed, newest first.
- Aug 6, 2020Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.