A bill to amend the Federal Reserve Act to provide that not less than 3 members of the Board of Governors of the Federal Reserve System shall come from the agricultural sector, the industrial sector, the commercial sector, or financial institutions with assets of less than $150,000,000, and for other purposes.
Federal Reserve Act Amendments of 1980 - Amends the Federal Reserve Act to reduce the term of office for members of the Board of Governors of the Federal Reserve System from 14 years to seven years. Requires at least three members on the Board from the agricultural, industrial, commercial, or small banking sectors.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
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