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Politiparty

118th Congress Finance and Financial Sector

H.R. 3341: Respect for Workers Act

Introduced

  1. Introduced (completed)May 15, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, May 15, 2023

This bill requires at least one member of the Board of Governors of the Federal Reserve System to have experience supporting or protecting the rights of workers. This member is in charge of developing policy recommendations regarding the board's goal of maximum employment. (The board is made up of seven members that are nominated by the President and confirmed by the Senate. Members serve 14-year terms, with one term beginning every two years.)

The bill also requires the board to discuss in their semiannual report the distributional effect of monetary policy.

Written by the Congressional Research Service, Library of Congress.

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Amendments

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Other bills by Mary Peltola

History

  1. May 15, 2023Introduced in the House by Mary Peltola.
Show the full action history (2 actions)
  1. May 15, 2023Introduced in House
  2. May 15, 2023Referred to the House Committee on Financial Services.