arrow_back Back to App

Enhanced Diversity in Federal Reserve Leadership

This act aims to increase gender, racial, and ethnic diversity among Federal Reserve bank presidents. It mandates interviewing candidates from these diverse groups to ensure a fairer selection process. For citizens, this means that those responsible for monetary policy will better reflect the diversity of society.
Key points
Federal Reserve banks must interview at least one gender-diverse individual and one racially or ethnically diverse individual when appointing presidents.
Federal Reserve banks will annually report demographic data on presidential candidates.
The act also makes technical adjustments in various laws, changing 'Chairman' to 'Chair' for the Federal Reserve Board's head, promoting gender-neutral language.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_9643
Sponsor: Rep. Beatty, Joyce [D-OH-3]
Process start date: 2022-12-21
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Ensuring Diverse Leadership Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9643.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-21.

What are the main provisions?

Key points include:

  • Federal Reserve banks must interview at least one gender-diverse individual and one racially or ethnically diverse individual when appointing presidents.
  • Federal Reserve banks will annually report demographic data on presidential candidates.
  • The act also makes technical adjustments in various laws, changing 'Chairman' to 'Chair' for the Federal Reserve Board's head, promoting gender-neutral language.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Beatty, Joyce [D-OH-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Courts and Law