H.R. 4757

Fully Informed District Bank Act

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I

115th CONGRESS

2d Session

H. R. 4757

IN THE HOUSE OF REPRESENTATIVES

January 10, 2018

Mr. Pittenger introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Federal Reserve Act to modify the appointment process for presidents of Federal Reserve Banks.

1.

Short title

This Act may be cited as the Fully Informed District Bank Act.

2.

Amendment to appointment of presidents of Federal Reserve Banks

The fifth subparagraph of the fourth undesignated paragraph of section 4 of the Federal Reserve Act (12 U.S.C. 341) is amended by striking Class B and Class C directors and inserting board of directors.