HR 7202 · 96th Congress · Finance and Financial Sector

Federal Reserve Act Amendments of 1980

Introduced 1980-04-29· Sponsored by Rep. Watkins, Wes [D-OK-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1980-04-29)

Plain Language Summary

[AI summary unavailable — showing source text] Federal Reserve Act Amendments of 1980 - Amends the Federal Reserve Act to reduce the term of office for members of the Board of Governors of the Federal Reserve System from 14 years to seven years. Requires at least three members on the Board from the agricultural, industrial, commercial, or small banking sectors.…

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

Cosponsors (12)

8 Democrats4 Republicans
Rep. Andrews, Mark [R-ND-At Large]
Rep. Murphy, Austin J. [D-PA-22]
Rep. Jenrette, John W., Jr. [D-SC-6]
Rep. Kogovsek, Ray [D-CO-3]
Rep. Duncan, John J. [R-TN-2]
Rep. Wilson, Charles [D-TX-2]
Rep. Hinson, Jon C. [R-MS-4]
Rep. Albosta, Donald J. [D-MI-10]
Rep. Garcia, Robert [D-NY-21]
Rep. Lowry, Mike [D-WA-7]
Rep. Edwards, Mickey [R-OK-5]
Rep. Skelton, Ike [D-MO-4]