Supervision Reform Act of 2023
HR 4630, the Supervision Reform Act of 2023, eliminates the specific "Vice Chairman for Supervision" position within the Federal Reserve Board. The bill amends the Federal Reserve Act to replace the current structure - where one Vice Chairman is designated for supervision duties - with a single, general "Vice Chairman of the Board" position. This change directly affects the Federal Reserve's leadership structure by removing a dedicated role focused on supervising financial institutions. The key mechanism is a textual amendment to Section 10 of the Federal Reserve Act, streamlining the Board's leadership roles without altering the Board's supervisory responsibilities.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Floor Vote
President
Introduced Jul 13, 2023
Last action Jul 13, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jul 13, 2023
Committee
Referred to the House Committee on Financial Services.
lower
Jul 13, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Andrew Ogles
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about HR 4630
Scope: US
Hi! I can help you understand HR 4630. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline