Federal Reserve Accountability Act of 2023

This bill changes how the Federal Reserve appoints key leadership positions. It requires Senate confirmation for the Board's general counsel and Federal Reserve bank presidents (replacing previous approval by the Board of Governors), adds a 4-year residency requirement in a district for bank presidents, and limits how Fed funds can be used for lobbying Congress. The bill also clarifies that standard federal hiring rules apply to bank presidents and bans using Fed funds to influence legislation without congressional approval. These changes primarily affect the internal governance of the Federal Reserve System.