[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4757 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 4757

To amend the Federal Reserve Act to modify the appointment process for 
                  presidents of Federal Reserve Banks.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 10, 2018

Mr. Pittenger 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 modify the appointment process for 
                  presidents of Federal Reserve Banks.

    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 ``Fully Informed District Bank Act''.

SEC. 2. AMENDMENT TO APPOINTMENT OF PRESIDENTS OF FEDERAL RESERVE 
              BANKS.

    The fifth subparagraph of the fourth undesignated paragraph of 
section 4 of the Federal Reserve Act (12 U.S.C. 341) is amended by 
striking ``Class B and Class C directors'' and inserting ``board of 
directors''.
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