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S. 2937

A bill to require the president of the Federal Reserve Bank of New York to be appointed by the President, by and with the advice and consent of the Senate.

Amends the Federal Reserve Act to require the president of the Federal Reserve Bank of New York to be appointed by the President, by and with the advice and consent of the Senate, for terms of five years.

Requires the president of the Federal Reserve Bank of New York to testify annually to certain congressional committees.

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sen. Reed, Jack [D-RI](D-RI)Sponsor
1committees3actions4subjects
  • Introduced in SenateNov 18, 2014
  1. IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. IntroReferralB00100

    Sponsor introductory remarks on measure. (CR S6096-6097)

  3. IntroReferral10000

    Introduced in Senate

A bill to require the president of the Federal Reserve Bank of New York to be appointed by… — Informed