Ask AI
S. 530

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.

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.

Committee on Banking, Housing, and Urban Affairs. Hearings held.

Sen. Reed, Jack [D-RI](D-RI)Sponsor
1committees3actions2related bills4subjects
  1. Committee

    Committee on Banking, Housing, and Urban Affairs. Hearings held.

    Banking, Housing, and Urban Affairs Committee
  2. IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1032-1033)

    Banking, Housing, and Urban Affairs Committee
  3. IntroReferral10000

    Introduced in Senate

A bill to require the president of the Federal Reserve Bank of New York to be appointed by… — Informed