DemocratBill · S. 2817· Senate(119-S-2817)

Fed Integrity and Independence Act of 2025

Rep. Gallego
Age: 47 years
Arizona
Introduced
9/16/2025
Last activity
9/16/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by
Ruben Gallego
Cosponsors
Democrat - 8Republican - 0
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This bill is known as the Fed Integrity and Independence Act of 2025. It amends the Federal Reserve Act to stop people from holding dual appointments within the Federal Reserve System. The text explains that the Federal Reserve plays a critical role in the economy and needs to be kept safe from political interference. According to the bill, having political actors in the Federal Reserve raises concerns about conflicts of interest. The legislation bans members of the Board of Governors, Federal Reserve Bank presidents, vice presidents, officers, employees, and board of directors members from simultaneously holding any other office, position, or employment for which they are appointed by the President. This ban includes holding these roles even under a leave of absence.

Yes· 3 of 8

  • Does this make what the government does easier for the public to see?+5

    By eliminating dual roles for politically appointed individuals within the Federal Reserve, the legislation enhances institutional integrity and transparency.

  • Is this likely to grow the economy?+3

    Insulating monetary policy from short-term political pressures supports long-term economic stability and growth.

  • Would households on low incomes be better off under this?+2

    Stable economic conditions and controlled inflation resulting from an independent central bank benefit low-income households.

The opposite

No question was scored the opposite.