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H.R. 2543: Federal Reserve Racial and Economic Equity Act

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To amend the Federal Reserve Act to add additional demographic reporting requirements, to modify the goals of the Federal Reserve System, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Maxine Waters

Sponsor. Representative for California's 43rd congressional district. Democrat.

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Last Updated: Jun 21, 2022
Length: 149 pages
Introduced
Apr 14, 2021
117th Congress (2021–2023)
Status

Passed House (Senate next) on Jun 15, 2022

This bill passed in the House on June 15, 2022 and goes to the Senate next for consideration.

Other activity may have occurred on another bill with identical or similar provisions.

Cosponsors

5 Cosponsors (5 Democrats)

Prognosis
12% chance of being enacted according to Skopos Labs (details)
Source

Position statements

Statement of Administration Policy

President Joseph Biden [D]: H.R. 2543 – Financial Services Racial Equity, Inclusion, and Economic Justice Act (Jun 13, 2022)

What legislators are saying

Beatty Diversity & Inclusion Bills Pass House
    — Rep. Joyce Beatty [D-OH3] (Co-sponsor) on Jun 15, 2022

McHenry on Rising Inflation and the Democrats' Failure to Act
    — Rep. Patrick McHenry [R-NC10] on Jun 15, 2022

Murphy Statement on Her Vote Against the Financial Services Racial Equity, Inclusion, and Economic Justice Act
    — Rep. Stephanie Murphy [D-FL7] on Jun 15, 2022

More statements at ProPublica Represent...

What stakeholders are saying

R Street Institute SpendingTracker.org estimates new spending due to H.R. 2543 will be negligible.

History

Apr 14, 2021
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Apr 20, 2021
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Apr 21, 2021
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Jan 20, 2022
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

Jun 6, 2022
 
Text Published

Updated bill text was published as of Preprint (Rule).

Jun 15, 2022
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

If this bill has further action, the following steps may occur next:
 
Passed Senate

 
Signed by the President

H.R. 2543 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 2543. This is the one from the 117th Congress.

How to cite this information.

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“H.R. 2543 — 117th Congress: Federal Reserve Racial and Economic Equity Act.” www.GovTrack.us. 2021. September 28, 2022 <https://www.govtrack.us/congress/bills/117/hr2543>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.