What is the official ID of this bill?
The official print number for this legislation is S 1327.
Racial and Economic Equity: New Federal Reserve Duties
This act mandates the Federal Reserve to actively work towards reducing disparities in employment, income, wealth, and access to credit among different racial and ethnic groups. This means monetary policy and bank supervision will need to consider these goals, potentially impacting credit availability and economic opportunities for all citizens. The Federal Reserve will also be required to regularly report to Congress on progress in eliminating these disparities, providing detailed demographic data.
Key points
The Federal Reserve must actively work to minimize and eliminate racial and ethnic disparities in employment, income, wealth, and access to affordable credit.
Monetary policy and bank supervision will incorporate racial and economic equity goals, potentially affecting credit terms and economic opportunities for citizens.
The Federal Reserve will regularly report to Congress on progress, including detailed demographic data on unemployment, income, and wealth trends.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.