A bill to amend the Federal Reserve Act to shorten the term of members of the Board of Governors of the Federal Reserve System from fourteen years to eight years, and for other purposes.

Summary

Amends the Federal Reserve Act to shorten the term of members of the Board of Governors of the Federal Reserve System from 14 to eight years. Empowers the President to remove any member of such Board for cause.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 15 January 1979

   Introduced

   Introduced in House

   Source: IntroReferral

2. 15 January 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 January 1979

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 15 January 1979

  Open at official source

Sponsors

• Rep. Drinan, Robert F. [D-MA-4] · D · Sponsor
• · hsba00 · Standing

Related records

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