U.S. Congress - H.R.1401 Democratizing the Federal Reserve System Act of 2011
H.R.1401 - Democratizing the Federal Reserve System Act of 2011
To amend the Federal Reserve Act to alter the terms and conditions applicable to members of the Board of Governors of the Federal Reserve System, and for other purposes. view all titles (2)
All Bill Titles
- Short: Democratizing the Federal Reserve System Act of 2011 as introduced.
- Official: To amend the Federal Reserve Act to alter the terms and conditions applicable to members of the Board of Governors of the Federal Reserve System, and for other purposes. as introduced.
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Official Summary
4/6/2011--Introduced.Democratizing the Federal Reserve System Act of 2011 - Amends the Federal Reserve Act to reduce from 14 years to 7 years the term of office of the members of the Board of Governors of the Federal Reserve System. Increases from two years to four years the post-service rOfficial Summary
4/6/2011--Introduced.Democratizing the Federal Reserve System Act of 2011 - Amends the Federal Reserve Act to reduce from 14 years to 7 years the term of office of the members of the Board of Governors of the Federal Reserve System. Increases from two years to four years the post-service restriction which renders Board members ineligible to hold any office, position, or employment in any member bank. Revises the terms for ongoing service on the Board with respect to its Chairman and Vice Chairman. Requires the Speaker and the minority leader of the House of Representatives, the majority leader and minority leader of the Senate, and specified committee chairpersons and ranking members to create jointly a list of five candidates in rank order to present to the President for consideration for a Board vacancy if the President has not made a nomination to fill it within a specified time period. Requires the President, no later than 30 days after the transmittal of such list, to nominate a person to fill the vacancy, whether from such list or another person. Increases the membership of the Federal Open Market Committee from five to six members. Revises the distribution of Federal Open Market Committee membership....Read the Rest
Recent News Coverage
Reform or Abolish the Fed?
Mike Pence · H.R. 1094, the Federal Reserve Board Abolition Act, introduced by Rep. Paul · H.R. 1401, the Democratizing the Federal Reserve System Act, introduced by Rep. Marcy Kaptur · H.R. 2990, the National Emergency Employment Defense Act ...
Discussion panel speaks about women's rights, reproductive issues
including use of some birth controls and children created through rape or incest -HR1401: States that the Oklahoma Legislature does not approve of health insurance plans requiring religious institutions to cover preventative services for women ...
Recent Blog Coverage
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BusinessTrends Blog: Reforming the Fed: What Makes Sense?
In H.R. 1401 (the Democratizing the Federal Reserve System Act), Rep. Marcy Kaptur (D-OH) would reduce from 14 years to 7 years the term of office for members of the Fed's Board of Governors, while also increasing from ...
BusinessTrends Blog: Reforming the Fed: What Makes Sense?
In H.R. 1401 (the Democratizing the Federal Reserve System Act), Rep. Marcy Kaptur (D-OH) would reduce from 14 years to 7 years the term of office for members of the Fed's Board of Governors, while also increasing from ...
BusinessTrends Blog: Reforming the Fed: What Makes Sense?
In H.R. 1401 (the Democratizing the Federal Reserve System Act), Rep. Marcy Kaptur (D-OH) would reduce from 14 years to 7 years the term of office for members of the Fed's Board of Governors, while also increasing from ...
Latest Letters to Congress
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