S-530 : Still Just a Bill

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.

Action Timeline

Action DateTypeTextSource
2015-03-03CommitteeCommittee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-5.Senate
2015-02-23IntroReferralRead twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1032-1033)Senate
2015-02-23IntroReferralIntroduced in SenateLibrary of Congress
2015-02-23IntroReferralIntroduced in SenateLibrary of Congress

Sponsor :

Jack Reed [D] (RI)
See Cosponsors

Policy Area :

Finance and Financial Sector
See Subjects
  • Congressional oversight
  • Federal officials
  • New York City
  • Federal Reserve System

Related Bills

See Related Bills