To amend the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to establish goals for the use of diverse investment advisers, brokers, and dealers in investment management agreements related to the Board of Governor's unusual and exigent circumstances authority, and for other purposes.

Summary

Official

This bill requires the Federal Reserve Board to set goals related to woman-, minority-, or veteran-owned or controlled firms in certain investment management agreements made related to the board's authority in unusual and exigent circumstances.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(5/15/20)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mrs. Beatty

House (D) Ohio – 3

Topics

Government Spending & Operations

Social Programs

Business & Finance

Latest Action

Referred to the House Committee on Financial Services.

May 15, 2020

View Bill on Congress.gov