US SB4464 | 2019-2020 | 116th Congress
Status
Spectrum: Strong Partisan Bill (Democrat 11-1)
Status: Introduced on August 6 2020 - 25% progression, died in committee
Action: 2020-08-06 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 6 2020 - 25% progression, died in committee
Action: 2020-08-06 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs 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
| Sen. Elizabeth Warren [D-MA] | Sen. Kirsten Gillibrand [D-NY] | Sen. Edward Markey [D-MA] | Sen. Bernard Sanders [I-VT] |
| Sen. Dianne Feinstein [D-CA] | Sen. Cory Booker [D-NJ] | Sen. Chris Van Hollen [D-MD] | Sen. Richard Blumenthal [D-CT] |
| Sen. Sherrod Brown [D-OH] | Sen. Jack Reed [D-RI] | Sen. Catherine Cortez Masto [D-NV] | Sen. Martin Heinrich [D-NM] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-08-06 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB7946 (Related) 2020-08-04 - Referred to the House Committee on Financial Services.
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/senate-bill/4464/all-info |
| Text | https://www.congress.gov/116/bills/s4464/BILLS-116s4464is.pdf |
