IN THE SENATE OF THE UNITED STATES
April 29, 2021
Mr. Reed (for himself, Ms. Warren, Mr. Brown, Mr. Van Hollen, and Mrs. Gillibrand) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To reaffirm the importance of workers.
This Act may be cited as the
Respect for Workers Act.
Board of Governors of the Federal Reserve System
The Federal Reserve Act (12 U.S.C. 221 et seq.) is amended—
in section 2B(b) (12 U.S.C. 225b(b)), by inserting
and distributional effect after
in section 10 (12 U.S.C. 241), in the third sentence of the first undesignated paragraph, by inserting
and at least 1 member with demonstrated primary experience in supporting or protecting the rights of workers, who shall be the lead member of the Board in charge of promoting effectively and developing policy recommendations for the Board to meet the goal of maximum employment described in section 2A before the period at the end.
The amendment made by section 1(2) shall apply to any appointment to the Board of Governors of the Federal Reserve System made on or after the date of enactment of this Act.