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S 1327 United States Senate · 117th Congress

Federal Reserve Racial and Economic Equity Act

Summary
Federal Reserve Racial and Economic Equity Act This bill requires the Federal Reserve Board to carry out its duties in a manner that supports the elimination of racial and ethnic disparities in employment, income, wealth, and access to affordable credit. The board must report on disparities in labor force trends as well as on plans and activities of the board to minimize and eliminate these disparities.
Issues: ✓ HousingSupports HousingBill mandates Federal Reserve to address credit disparities, directly supporting affordable housing access for marginalized groups through equitable lending practices.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2021
Committee Review
Floor Vote
President
Introduced Apr 22, 2021 Last action Apr 22, 2021
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Apr 22, 2021
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Apr 22, 2021
Introduced
Introduced in Senate
upper
1 primary · 9 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Elizabeth Warren
Elizabeth Warren
DDemocratic
MA
n/a
Co
Photo of Bernard Sanders
Bernard Sanders
IIndependent
VT
n/a
Co
Photo of Catherine Cortez Masto
Catherine Cortez Masto
DDemocratic
NV
n/a
Co
Photo of Chris Van Hollen
Chris Van Hollen
DDemocratic
MD
n/a
Co
Photo of Dianne Feinstein
Dianne Feinstein
DDemocratic
CA
n/a
Co
Photo of Edward J. Markey
Edward J. Markey
DDemocratic
MA
n/a
Co
Photo of Jack Reed
Jack Reed
DDemocratic
RI
n/a
Co
Photo of Raphael G. Warnock
Raphael G. Warnock
DDemocratic
GA
n/a
Co
Photo of Richard Blumenthal
Richard Blumenthal
DDemocratic
CT
n/a
Co
Photo of Sherrod Brown
Sherrod Brown
DDemocratic
OH
n/a