HR 4997 · 96th Congress · Finance and Financial Sector
A bill to amend the Federal Reserve Act respecting the positions of chairman and vice chairman of the Federal Reserve Board.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Banking, Finance and Urban Affairs.(1979-07-27)
Plain Language Summary
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Amends the Federal Reserve Act to change the expiration date of the term of office of the Chairman of the Board of Governors of the Federal Reserve System to January 31 of the first calendar year commencing after the calendar year during which the term of the President who appointed such Chairman expires. Directs the President to appoint a vice chairman for a term of four years. Enunciates the duties of the vice chairman of the Board.…
Summarized by Claude AI · Non-partisan · For informational purposes only