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Greater Worker Influence on Federal Reserve Decisions

This bill aims to ensure the Federal Reserve considers the impact of its decisions on workers. It mandates a board member with experience in protecting workers' rights to focus on maximizing employment. This change could lead to economic policies that better reflect the interests of everyday citizens.
Key points
The Federal Reserve will be required to consider the distributional effect of its actions.
A new member with primary experience in supporting workers' rights will join the Federal Reserve Board, leading efforts to promote maximum employment.
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Expired
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Additional Information
Print number: 118_HR_3341
Sponsor: Rep. Peltola, Mary Sattler [D-AK-At Large]
Process start date: 2023-05-15
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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 118_HR_3341.

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 2023-05-15.

What are the main provisions?

Key points include:

  • The Federal Reserve will be required to consider the distributional effect of its actions.
  • A new member with primary experience in supporting workers' rights will join the Federal Reserve Board, leading efforts to promote 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 Rep. Peltola, Mary Sattler [D-AK-At Large].

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 2025-12-25.

CATEGORIES

Labor Economy