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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced September 16, 2025 by Ruben Gallego · Last progress 5 months ago
Prohibits certain Federal Reserve officials from simultaneously holding any other office or position for which they were appointed by the President, even if they are on leave from that other post. The rule applies to members of the Board of Governors, Federal Reserve Bank presidents, vice presidents, officers, employees, and members of Reserve Bank boards of directors to reduce conflicts of interest and strengthen the Fed’s independence from political influence.