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Prohibiting Dual Appointments in Federal Reserve for Central Bank Independence.

This act aims to strengthen the independence of the Federal Reserve, crucial for economic stability, by prohibiting individuals appointed by the President from simultaneously holding other positions within the Fed. This means monetary policy decisions will be less susceptible to political influence, potentially leading to more stable prices and better economic conditions for citizens. These changes are intended to ensure that those managing the central bank focus solely on its mission, free from conflicts of interest.
Key points
Members of the Board of Governors of the Federal Reserve will not be able to simultaneously hold other Presidentially-appointed positions, even on leave.
Presidents of Federal Reserve banks and the First Vice President of the Federal Reserve Bank of New York will also be prohibited from holding dual roles.
Individuals holding dual positions on the enactment date will be immediately terminated from their Federal Reserve roles.
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Introduced
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Additional Information
Print number: 119_HR_5499
Sponsor: Rep. Vargas, Juan [D-CA-52]
Process start date: 2025-09-18
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Fed Integrity and Independence Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5499.

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 2025-09-18.

What are the main provisions?

Key points include:

  • Members of the Board of Governors of the Federal Reserve will not be able to simultaneously hold other Presidentially-appointed positions, even on leave.
  • Presidents of Federal Reserve banks and the First Vice President of the Federal Reserve Bank of New York will also be prohibited from holding dual roles.
  • Individuals holding dual positions on the enactment date will be immediately terminated from their Federal Reserve roles.
What is the specific legal status?

The current status is Introduced.

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. Vargas, Juan [D-CA-52].

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 2025-12-23.

CATEGORIES

Economy