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I
118TH CONGRESS
1ST SESSION H. R. 3341
To amend the Federal Reserve Act to reaffirm the importance of workers.
IN THE HOUSE OF REPRESENTATIVES
MAY 15, 2023
Mrs. PELTOLA introduced the following bill; which was referred to the
Committee on Financial Services
A BILL
To amend the Federal Reserve Act to reaffirm the
importance of workers.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Respect for Workers
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Act’’.
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SEC. 2. BOARD OF GOVERNORS OF THE FEDERAL RESERVE
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SYSTEM.
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The Federal Reserve Act (12 U.S.C. 221 et seq.) is
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amended—
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•HR 3341 IH
(1) in section 2B(b) (12 U.S.C. 225b(b)), by in-
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serting ‘‘and distributional effect’’ after ‘‘conduct’’;
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and
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(2) in section 10 (12 U.S.C. 241), in the third
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sentence of the first undesignated paragraph, by in-
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serting ‘‘and at least 1 member with demonstrated
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primary experience in supporting or protecting the
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rights of workers, who shall be the lead member of
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the Board in charge of promoting effectively and de-
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veloping policy recommendations for the Board to
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meet the goal of maximum employment described in
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section 2A’’ before the period at the end.
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SEC. 3. APPLICABILITY.
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The amendment made by section 2(2) shall apply to
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any appointment to the Board of Governors of the Federal
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Reserve System made on or after the date of enactment
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of this Act.
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Æ
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