S 530 · 114th Congress · Finance and Financial Sector

A bill to require the president of the Federal Reserve Bank of New York to be appointed by the President, by and with the advice and consent of the Senate.

Introduced 2015-02-23· Sponsored by Sen. Reed, Jack [D-RI]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-5.(2015-03-03)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Federal Reserve Act to require the president of the Federal Reserve Bank of New York to be appointed by the President, by and with the advice and consent of the Senate, for terms of five years. Requires the president of the Federal Reserve Bank of New York to testify annually to certain congressional committees.…

Summarized by Claude AI · Non-partisan · For informational purposes only