S 2257 · 118th Congress 2023–2025, ended

Federal Reserve Racial and Economic Equity Act

Introduced Jul 12, 2023 Originated Senate Sponsor Elizabeth Warren D-MA

Fact sheet

Latest action · Jul 12, 2023 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. IntroducedJul 12, 2023
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. 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 10

Members who signed on, in the order they did. Signatures ran from Jul 12, 2023 to Dec 12, 2023, with 9 there on the day it was introduced.

SeatCosponsorSigned on
I-VTBernard SandersOriginalJul 12, 2023
D-NVCatherine Cortez MastoOriginalJul 12, 2023
D-MDChris Van HollenOriginalJul 12, 2023
D-CADianne FeinsteinOriginalJul 12, 2023
D-MAEdward J. MarkeyOriginalJul 12, 2023
D-RIJack ReedOriginalJul 12, 2023
D-GARaphael G. WarnockOriginalJul 12, 2023
D-CTRichard BlumenthalOriginalJul 12, 2023
D-OHSherrod BrownOriginalJul 12, 2023
D-CALaphonza R. ButlerDec 12, 2023

Actions 2

Everything that happened, newest first.

  1. Jul 12, 2023Introduced in Senate
  2. Jul 12, 2023Read 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.

BillTitleRelationshipLatest action
HR 4194Federal Reserve Racial and Economic Equity ActIdentical billJun 15, 2023

Subjects

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

Text 1

Each version as it was printed, newest first.

  1. Jul 12, 2023Introduced 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.