To amend the Federal Reserve Act to provide for the appointment of the presidents of the Federal reserve banks by the Board of Governors of the Federal Reserve System, and for other purposes.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Domestic and International Monetary Policy.
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