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.
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 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., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Immigration.
Who Benefits and How
financial institutions, investors, and borrowers 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, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H46114185639E471AB494F7DD17927F05: 1. Short title This Act may be cited as the Supervision Reform Act of 2023.
- Section H90E65368C06F4C43B6B363302D29EC17: 2. Removal of the Vice Chairman for Supervision designation The second undesignated paragraph of section 10 of the Federal Reserve Act (12 U.S.C. 242)...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
This bill, 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., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Immigration
Primary Purpose
This bill, 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., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
Contextual inference, no direct clause citation- financial institutions, investors, and borrowers
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- federal implementing agencies
- financial institutions, investors, and borrowers
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
IntroducedMr. Ogles introduced the following bill; which was referred to …
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
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.
Learn more about our methodology