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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 at least one candidate reflecting gender diversity and one reflecting racial or ethnic diversity for these positions. This ensures a broader range of perspectives in monetary policy decisions, which could indirectly impact economic stability, interest rates, and thus citizens' loans and savings.
Key points
Mandatory interviews with gender-diverse and racially/ethnically diverse candidates for Federal Reserve bank president positions.
Federal Reserve banks must annually report demographic data of their applicant pools for president roles.
Changes terminology in various federal acts from "Chairman" to "Chair" for the Federal Reserve Board of Governors, promoting gender neutrality.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_7247
Sponsor: Rep. Beatty, Joyce [D-OH-3]
Process start date: 2024-02-06
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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 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7247.

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 2024-02-06.

What are the main provisions?

Key points include:

  • Mandatory interviews with gender-diverse and racially/ethnically diverse candidates for Federal Reserve bank president positions.
  • Federal Reserve banks must annually report demographic data of their applicant pools for president roles.
  • Changes terminology in various federal acts from "Chairman" to "Chair" for the Federal Reserve Board of Governors, promoting gender neutrality.
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 2025-12-25.

CATEGORIES

Economy