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United States · Bill · S

S. 957 (118th)

Federal Reserve Independence Act

referredUnited States· United States Congress· EN

Introduced

23 March 2023

Last action

Status

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

Sponsors

Subjects

Discovery layer

Source updated

27 May 2025

Summary

Federal Reserve Independence Act This bill prohibits an employee of a bank holding company or other entity regulated by the Board of Governors of the Federal Reserve System from serving on the board of a Federal Reserve bank. Additionally, employees of the Federal Reserve System and board members of a Federal Reserve bank are prohibited from investing in companies regulated by the board.

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Documents

3 official files

Introduced in Senate (text)

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Sources

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