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Greater Worker Influence on Federal Reserve Decisions

This act aims to strengthen the voice of workers within the Federal Reserve, potentially influencing the nation's economic policy. These changes could lead to decisions that better consider the labor market and worker well-being, impacting personal finances and job stability.
Key points
The Federal Reserve will be required to consider the distributional effect of its actions, potentially impacting social inequality.
A member with experience in supporting workers' rights will join the Federal Reserve Board, focusing on promoting maximum employment.
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Expired
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Additional Information
Print number: 117_S_1474
Sponsor: Sen. Reed, Jack [D-RI]
Process start date: 2021-04-29
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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

Respect for Workers Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1474.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-29.

What are the main provisions?

Key points include:

  • The Federal Reserve will be required to consider the distributional effect of its actions, potentially impacting social inequality.
  • A member with experience in supporting workers' rights will join the Federal Reserve Board, focusing on promoting maximum employment.
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 Sen. Reed, Jack [D-RI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Labor