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- H.R.1401
H.R.1401: Democratizing the Federal Reserve System Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about finance and financial sector
- Introduced April 6, 2011
- Latest Major Action May 8, 2012
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Democratizing the Federal Reserve System Act of 2011 - Amends the Federal Reserve Act to reduce from 14 years to 7 years the term of office of the members of the Board of Governors of the Federal Reserve System. Increases from two years to four years the post-service restriction which renders Board members ineligible to hold any office, position, or employment in any member bank. Revises the terms for ongoing service on the Board with respect...
(Source: Library of Congress)
Bill Actions
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Referred to the House Committee on Financial Services.
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Referred to the Subcommittee on Domestic Monetary Policy and Technology.
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Subcommittee Hearings Held.
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| April 6, 2011 |
Introduced in the House by Marcy Kaptur (D-Ohio) |