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United States · Bill · HR

H.R. 5037 (96th)

A bill to amend the Federal Reserve Act respecting the positions of chairman and vice chairman of the Federal Reserve Board.

referredUnited States· United States Congress· EN

Introduced

31 July 1979

Last action

Status

Referred to Senate Committee on Banking, Housing and Urban Affairs.

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

Summary

Amends the Federal Reserve Act to change the expiration date of the term of office of the Chairman of the Board of Governors of the Federal Reserve System to January 31 of the first calendar year commencing after the calendar year during which the term of the President who appointed such Chairman expires. Directs the President to appoint a vice chairman for a term of four years. Enunciates the duties of the vice chairman of the Board.

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Documents

3 official files

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Sources

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