H.R.15: Federal Reserve Governance Act

About This Bill

Bill Summary

Federal Reserve Governance Act - Amends the Federal Reserve Act to instruct the Board of Governors of the Federal Reserve System to appoint a president and first vice president to serve five-year terms for each Federal reserve bank. Declares that all executive officers and all employees of the bank shall be directly responsible to the bank's president.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Domestic and International Monetary Policy.
Jan. 4, 1995

Introduced in the House by James A. Leach (R-Iowa)

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