HR 4630
Supervision Reform Act of 2023
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Bill overview
This bill changes the structure of the Federal Reserve Board of Governors by eliminating the position of Vice Chairman for Supervision. Currently, this role focused on developing policy and overseeing the supervision of financial firms. The bill removes this specific designation and reconfigures the appointment process for Vice Chairmen of the Board, ensuring that both Vice Chairmen serve fixed terms. This change aims to streamline the Board’s leadership and responsibilities.
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