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H.R. 7946

Referred to Committee

Federal Reserve Racial and Economic Equity Act

Introduced 8/4/2020•116th Congress•House

Latest Action

Referred to the House Committee on Financial Services.

8/4/2020 • House

Summary

Federal Reserve Racial and Economic Equity Act

This bill requires the Federal Reserve Board to carry out its duties in a manner that supports the elimination of racial and ethnic disparities in employment, income, wealth, and access to affordable credit. The board must report on disparities in labor force trends as well as on plans and activities of the board to minimize and eliminate these disparities.

Introduced in House • 8/4/2020

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Topics & Subjects

Banking and financial institutions regulationCommunity life and organizationCongressional oversightConsumer creditCredit and credit marketsEconomic performance and conditionsFederal Reserve SystemLabor marketMinority employmentMonetary policyRacial and ethnic relationsUnemploymentWages and earnings

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (14)

Party Breakdown

14
Democrats
0
Republicans
0
Independents

Sponsor

R[
Rep. Waters, Maxine [D-CA-43]

Democrat • CA-43

Sponsored 8/4/2020

Cosponsors (13)

R[
R[
R[
Rep. Sherman, Brad [D-CA-30]

D-CA-30

Joined 8/7/2020

R[
Rep. Meeks, Gregory W. [D-NY-5]

D-NY-5

Joined 8/7/2020

R[
Rep. Clay, Wm. Lacy [D-MO-1]

D-MO-1

Joined 8/7/2020

R[
Rep. Green, Al [D-TX-9]

D-TX-9

Joined 8/7/2020

Bill Journey

Originated in the House

Introduced

August 4, 2020

Referred to the House Committee on Financial Services.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in House8/4/2020

Details

Bill TypeHR
Current StatusReferred to Committee
Cosponsors13