House Bill 7946
116th Congress(2019-2020)
Federal Reserve Racial and Economic Equity Act
Introduced
Introduced in House on Aug 4, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7946
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Maxine Waters
grade
California
California
Florida
Illinois
Massachusetts
Massachusetts
Missouri
Missouri
New York
New York
New York
Texas
Texas
No House votes have been held for this bill.
Summary
Federal Reserve Racial and Economic Equity Act
This bill 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.
August 4, 2020
08/04/2020
Referred to the House Committee on Financial Services.
08/04/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:45:30 PM