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Enhancing Diversity in Federal Reserve Bank Leadership

This act aims to increase gender, racial, and ethnic diversity among Federal Reserve Bank presidents. It mandates interviewing candidates from these diverse groups, ensuring a fairer selection process and better representation of society within key financial institutions. For citizens, this means potentially more varied perspectives in monetary policy decisions, which could influence economic and financial outcomes.
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 of presidential candidates.
The act also makes numerous technical language adjustments in existing laws, replacing 'Chairman' with 'Chair' and gender-neutralizing other pronouns.
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Additional Information
Print number: 117_HR_9706
Sponsor: Rep. Beatty, Joyce [D-OH-3]
Process start date: 2023-01-03
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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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_9706.

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 2023-01-03.

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 of presidential candidates.
  • The act also makes numerous technical language adjustments in existing laws, replacing 'Chairman' with 'Chair' and gender-neutralizing other pronouns.
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