S. 1474Senate117th Congress (2021-2023)In Committee

Respect for Workers Act

Sponsored by Jack ReedSen. Jack Reed (D-RI)
Introduced April 29, 2021

AI-Generated Summary

Updated February 8, 2026 at 2:29 AM UTC

The Respect for Workers Act amends the Federal Reserve Act to require the Federal Reserve Board to consider the distributional impact of its actions and to include at least one governor with a background in protecting workers’ rights, who will lead the Board’s employment‑policy work. The changes apply to any new Board appointments after the law takes effect.

Key Provisions

  • Adds the phrase “and distributional effect” to the Federal Reserve Act’s section on conduct, expanding the Board’s analysis to include how policies affect income distribution.
  • Requires that at least one member of the Board of Governors have primary experience supporting or protecting workers’ rights and designates that member as the lead for developing employment‑policy recommendations aimed at maximum employment.
  • Specifies that the new appointment requirement applies to any Board appointments made on or after the enactment date.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2361)

April 29, 2021

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SenateIntro Referral

Introduced in Senate

April 29, 2021

SenateIntro Referral

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2361)

April 29, 2021

Floor Debate

8 members

What members said about S. 1474 on the floor

2 Republicans6 Democrats
John Thune
Sen. John ThuneR-SD · Apr 29, 2021

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record. Mr. President, along with my livestock producer protection bill, I am also introducing legislation today to…

Tim Kaine
Sen. Tim KaineD-VA · Apr 29, 2021

Mr. President. A vibrant and independent media and public access to accurate information are critical to the functioning of any democracy. A free press is so important that our Founding Fathers…

Susan M. Collins
Sen. Susan M. CollinsR-ME · Apr 29, 2021

Mr. President, today I am pleased to be joined by my friend and colleague from Delaware, Senator Chris Coons, to reintroduce the Reach Every Mother and Child Act of 2021. Our legislation would make…

Alex Padilla
Sen. Alex PadillaD-CA · Apr 29, 2021

Mr. President, I rise to introduce the ``Protecting Unique and Beautiful Landscapes by Investing in California (PUBLIC) Lands Act.'' This measure would increase protections for over 1 million acres…

Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Apr 29, 2021

Mr. President, I rise today to reintroduce bipartisan legislation that would better align the Department of Housing and Urban Development's (HUD) homeless assistance programs with other federal…

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Jack Reed
Sen. Jack ReedD-RI · Apr 29, 2021

Today, I am joined by Senators Warren, Brown, Van Hollen, and Gillibrand to introduce legislation to ensure that at least one Federal Reserve Governor has demonstrated primary experience in…

Jack Reed
Sen. Jack ReedD-RI · Apr 29, 2021

Today, I am joined by Senators Warren, Brown, Van Hollen, and Gillibrand to introduce legislation to ensure that at least one Federal Reserve Governor has demonstrated primary experience in…

Ron Wyden
Sen. Ron WydenD-OR · Apr 29, 2021

Madam President, today I have introduced the Retirement Parity for Student Loans Act. This legislation would permit employers to make matching contributions to workers under 401(k) and similar types…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Apr 29, 2021

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

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Introduced in SenateIssued April 29, 2021

II

117th CONGRESS

1st Session

S. 1474

IN THE SENATE OF THE UNITED STATES

April 29, 2021

Mr. Reed (for himself, Ms. Warren, Mr. Brown, Mr. Van Hollen, and Mrs. Gillibrand) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To reaffirm the importance of workers.

1.

Short title

This Act may be cited as the Respect for Workers Act.

2.

Board of Governors of the Federal Reserve System

The Federal Reserve Act (12 U.S.C. 221 et seq.) is amended—

(1)

in section 2B(b) (12 U.S.C. 225b(b)), by inserting and distributional effect after conduct; and

(2)

in section 10 (12 U.S.C. 241), in the third sentence of the first undesignated paragraph, by inserting and at least 1 member with demonstrated primary experience in supporting or protecting the rights of workers, who shall be the lead member of the Board in charge of promoting effectively and developing policy recommendations for the Board to meet the goal of maximum employment described in section 2A before the period at the end.

3.

Applicability

The amendment made by section 1(2) shall apply to any appointment to the Board of Governors of the Federal Reserve System made on or after the date of enactment of this Act.