To amend the Federal Reserve Act to modify the goals of the Board of Governors of the Federal Reserve System, to eliminate class A and B directors from the board of directors of each Federal reserve bank, and to establish certain reporting requirements for the Board of Governors, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Federal Reserve Act to modify the goals of the Board of Governors of the Federal Reserve System, to eliminate class A and B directors from the board of directors of each Federal reserve bank, and to establish certain reporting requirements for the Board of Governors, and for other purposes., changes federal law or congressional policy affecting workers, employers, and labor regulators. The main policy domain is Labor, Government Operations, Finance.
Who Benefits and How
workers, employers, and labor regulators may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, workers, employers, and labor regulators may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H884B35F2CB7443288CDEBD75E5CF42FF: 1. Short title This Act may be cited as the Coretta Scott King Full Employment Federal Reserve Act of 2024.
- Section HBC892761FE8144C5A3B7096479C3CA51: 2. Modification of the goals of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee Section 2A of the Federal Reserve...
- Section H9F8AC2A29216422C86E384596C5616FE: 3. Promoting a diverse, representative Federal Reserve Section 4 of the Federal Reserve Act (38 Stat. 251) is amended— in the provision designated Fifth of the...
- Section H1EE46A8E92734F4880C9891ABD12AF97: 4. Studies Section 2B(b) of the Federal Reserve Act (12 U.S.C. 225b(b)) is amended— by striking The Board shall and inserting (1) In general.—The Board shall;...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Federal Reserve Act to modify the goals of the Board of Governors of the Federal Reserve System, to eliminate class A and B directors from the board of directors of each Federal reserve bank, and to establish certain reporting requirements for the Board of Governors, and for other purposes., changes federal law or congressional policy affecting workers, employers, and labor regulators.
Key Policy Areas
Labor, Government Operations, Finance
Primary Purpose
This bill, To amend the Federal Reserve Act to modify the goals of the Board of Governors of the Federal Reserve System, to eliminate class A and B directors from the board of directors of each Federal reserve bank, and to establish certain reporting requirements for the Board of Governors, and for other purposes., changes federal law or congressional policy affecting workers, employers, and labor regulators.
Policy Domains
Whole bill
Identified Gains
- workers, employers, and labor regulators
Identified Costs
- federal implementing agencies
- workers, employers, and labor regulators
Sponsors
Legislative Progress
IntroducedMr. Khanna (for himself, Ms. Wilson of Florida, Ms. Norton, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
Key Definitions
Terms defined in this bill
a labor market in the United States in which— job seekers can find work
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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