S. 957 · 118th Congress
Federal Reserve Independence Act
- Stage
- In committee
- Sponsor
- Bernie Sanders
- Introduced
- 2023-03-23
- Latest action
- 2023-03-23 · Introduced in Senate
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.