HR 422 · 96th Congress · Finance and Financial Sector

Federal Reserve Board of Directors Act

Introduced 1979-01-15· Sponsored by Rep. Hansen, George V. [R-ID-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1979-01-15)

Plain Language Summary

[AI summary unavailable — showing source text] Federal Reserve Board of Directors Act - Amends the Federal Reserve Act to increase the size of the boards of directors of Federal Reserve banks from 9 to 12 members. Increases the term of office for such directors from three to four years. Directs that the initial appointees to the positions created by this Act serve until December 31, 1981.…

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