Voice your opinion on congressional bill S1155-118 and let lawmakers know your stance with UnPac!

Federal Reserve Accountability Act of 2023

This bill changes the appointment of certain officials to the of Board of Governors of the Federal Reserve System and makes other changes to the operation of the board and Federal Reserve banks.

Specifically, the bill

requires the President to appoint a general counsel for the board with the advice and consent of the Senate;
requires the President, rather than each bank's board of directors, to appoint presidents of Federal Reserve banks;
reduces the number of Federal Reserve districts from 12 to 5;
allows the President to appoint two members to the board from any one Federal Reserve district; and
prohibits the use of any board or Federal Reserve bank funds for lobbying activities.

Senate Actions

IntroReferral
Mar. 30 2023	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Library of Congress Actions

IntroReferral
Mar. 30 2023	Introduced in Senate

Senate bill S1155-118

Federal Reserve Accountability Act of 2023

Promote the cause!

Or use this QR code