S 5341 · 117th Congress 2021–2023, ended

Federal Reserve Accountability Act of 2022

Fact sheet

Latest action · Dec 21, 2022 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.

  1. IntroducedDec 21, 2022
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Federal Reserve Accountability Act of 2022

This bill reduces the number of Federal Reserve districts from 12 to 5, requires Senate confirmation for Federal Reserve bank presidents, and makes other changes to the operation of the Federal Reserve Board and Federal Reserve banks.

Cosponsors 6

Members who signed on, in the order they did. All signed on Dec 21, 2022.

SeatCosponsorSigned on
R-TNBill HagertyOriginalDec 21, 2022
R-WYCynthia M. LummisOriginalDec 21, 2022
R-NDKevin CramerOriginalDec 21, 2022
R-UTMike LeeOriginalDec 21, 2022
R-TXTed CruzOriginalDec 21, 2022
R-NCThom TillisOriginalDec 21, 2022

Actions 2

Everything that happened, newest first.

  1. Dec 21, 2022Introduced in Senate
  2. Dec 21, 2022Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Dec 21, 2022Introduced in Senate

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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.