A resolution expressing the sense of the House of Representatives that the President, the United States Senate, and Senate Committee on Banking, Housing, and Urban Affairs, in considering the nomination of individuals to the Board of Governors of the Federal Reserve System, should abide by the specific provisions of the Federal Reserve Act requiring fair representation of regional and economic interests among the membership of such board.

Expresses the sense of the House of Representatives that the President, with the advice and consent of the Senate on the favorable recommendation of the Senate Committee on Banking, Housing, and Urban Affairs, should select individuals for appointment to vacancies on the Board of Governors of the Federal Reserve System in accordance with the provisions of the Federal Reserve Act so that agricultural and commercial interests, including small businesses, will no longer be underrepresented on the Board.