H.R. 2543: Federal Reserve Racial and Economic Equity Act

CBO Score

$0

Date of Report

Wed May 26th, 2021

Legislation Details

117th Congress

To amend the Federal Reserve Act to add additional demographic reporting requirements, to modify the goals of the Federal Reserve System, and for other purposes.

Sponsor: Rep. Maxine Waters — D — CA

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.

View the full vote history of this bill on GovTrack.us.

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