HR 6891
To amend the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to establish goals for the use of diverse investment advisers, brokers, and dealers in investment management agreements related to the Board of Governor's unusual and exigent circumstances authority, and for other purposes.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill requires the Federal Reserve Board to establish goals for using diverse investment advisors, brokers, and dealers in investment management agreements. Specifically, the Board must prioritize utilizing firms owned by women, minorities, or veterans when possible. The bill defines key terms related to diversity and includes reporting requirements to track progress toward these goals. It aims to increase opportunities for minority- and women-owned businesses within the Federal Reserve’s investment activities.
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