HR 266 · 96th Congress · Finance and Financial Sector
A bill to amend the Federal Reserve Act to shorten the term of members of the Board of Governors of the Federal Reserve System from fourteen years to eight years, and for other purposes.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Banking, Finance and Urban Affairs.(1979-01-15)
Plain Language Summary
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Amends the Federal Reserve Act to shorten the term of members of the Board of Governors of the Federal Reserve System from 14 to eight years. Empowers the President to remove any member of such Board for cause.…
Summarized by Claude AI · Non-partisan · For informational purposes only