US HB7946 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 14-0)
Status: Introduced on August 4 2020 - 25% progression, died in committee
Action: 2020-08-04 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 4 2020 - 25% progression, died in committee
Action: 2020-08-04 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Federal Reserve Racial and Economic Equity Act
Sponsors
Rep. Maxine Waters [D-CA] | Rep. Carolyn Maloney [D-NY] | Rep. Nydia Velazquez [D-NY] | Rep. Brad Sherman [D-CA] |
Rep. Gregory Meeks [D-NY] | Rep. Lacy Clay [D-MO] | Rep. Al Green [D-TX] | Rep. Emanuel Cleaver [D-MO] |
Rep. Al Lawson [D-FL] | Rep. Michael San Nicolas [D-GU] | Rep. Ayanna Pressley [D-MA] | Rep. Stephen Lynch [D-MA] |
Rep. Jesus Garcia [D-IL] | Rep. Sylvia Garcia [D-TX] |
History
Date | Chamber | Action |
---|---|---|
2020-08-04 | House | Referred to the House Committee on Financial Services. |
2020-08-04 | House | Introduced in House |
Same As/Similar To
SB4464 (Related) 2020-08-06 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Banking and financial institutions regulation
Community life and organization
Congressional oversight
Consumer credit
Credit and credit markets
Economic performance and conditions
Federal Reserve System
Finance and financial sector
Labor market
Minority employment
Monetary policy
Racial and ethnic relations
Unemployment
Wages and earnings
Community life and organization
Congressional oversight
Consumer credit
Credit and credit markets
Economic performance and conditions
Federal Reserve System
Finance and financial sector
Labor market
Minority employment
Monetary policy
Racial and ethnic relations
Unemployment
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/7946/all-info |
Text | https://www.congress.gov/116/bills/hr7946/BILLS-116hr7946ih.pdf |