Respect for Workers Act

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3341 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 3341

To amend the Federal Reserve Act to reaffirm the importance of workers.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 15, 2023

 Mrs. Peltola introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 A BILL


 
To amend the Federal Reserve Act to reaffirm the importance of workers.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Respect for Workers Act''.

SEC. 2. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.

    The Federal Reserve Act (12 U.S.C. 221 et seq.) is amended--
            (1) in section 2B(b) (12 U.S.C. 225b(b)), by inserting 
        ``and distributional effect'' after ``conduct''; and
            (2) in section 10 (12 U.S.C. 241), in the third sentence of 
        the first undesignated paragraph, by inserting ``and at least 1 
        member with demonstrated primary experience in supporting or 
        protecting the rights of workers, who shall be the lead member 
        of the Board in charge of promoting effectively and developing 
        policy recommendations for the Board to meet the goal of 
        maximum employment described in section 2A'' before the period 
        at the end.

SEC. 3. APPLICABILITY.

    The amendment made by section 2(2) shall apply to any appointment 
to the Board of Governors of the Federal Reserve System made on or 
after the date of enactment of this Act.
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