To amend the Federal Reserve Act to remove the designation of one of the members of the Board of Governors of the Federal Reserve System as the Vice Chairman for Supervision, and for other purposes.
About This Bill
Committee
Latest Action · July 13, 2023
Referred to the House Committee on Financial Services.
Supervision Reform Act of 2023
This bill eliminates the designation of Vice Chairman for Supervision from the Board of Governors of the Federal Reserve System. Currently, the Vice Chairman for Supervision develops policy recommendations for depository institution holding companies and other entities and oversees the supervision and regulation of these entities.
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