Politiparty
Politiparty

118th Congress Finance and Financial Sector

S. 496: Respect for Workers Act

Introduced

  1. Introduced (completed)Feb 16, 2023
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Feb 16, 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.

Roll calls

0 votes on this bill

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Amendments

0 offered

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Cosponsors

9

Who scored on this bill

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Other bills by John Reed

History

  1. Feb 16, 2023Introduced in the Senate by John Reed.
Show the full action history (2 actions)
  1. Feb 16, 2023Introduced in Senate
  2. Feb 16, 2023Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S459)