H.R. 2575 — A bill to amend the Federal Reserve Act to shorten the term of members of the Board of Governors of the Federal Reserve System from 14 to 8 years.

Summary

Amends the Federal Reserve Act to shorten the term of members of the Board of Governors of the Federal Reserve System from fourteen to eight years. Empowers the President to remove any member of such Board for cause.

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Legislative Actions

1977-01-27
Introduced in House
1977-01-27
Introduced in House
1977-01-27
Referred to House Committee on Banking, Finance and Urban Affairs.

A bill to amend the Federal Reserve Act to shorten the term of members of the Board of Governors of the Federal Reserve System from 14 to 8 years.

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