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Respect for Workers Act

This bill requires at least one member of the Board of Governors of the Federal Reserve System to have experience supporting or protecting the rights of workers. This member is in charge of developing policy recommendations regarding the board's goal of maximum employment. (The board is made up of seven members that are nominated by the President and confirmed by the Senate. Members serve 14-year terms, with one term beginning every two years.)

The bill also requires the board to discuss in their semiannual report the distributional effect of monetary policy.

Senate Actions

IntroReferral
Feb. 16 2023	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S459)

Library of Congress Actions

IntroReferral
Feb. 16 2023	Introduced in Senate

Senate bill S496-118

Respect for Workers Act

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