S. 4464

Referred to Committee

Federal Reserve Racial and Economic Equity Act

Introduced 8/6/2020•116th Congress•Senate

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Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

8/6/2020 • Senate

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 Senate • 8/6/2020

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Topics & Subjects

Policy Area: Finance and Financial Sector

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