# 116-hr-7946: Federal Reserve Racial and Economic Equity Act

116-hr-7946, Federal Reserve Racial and Economic Equity Act, is a 116th Congress bill sponsored by Rep. Waters, Maxine [D-CA-43] (D-CA); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7946
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-7946
- Congress: 116
- Title: Federal Reserve Racial and Economic Equity Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-08-04
- Sponsor: Rep. Waters, Maxine [D-CA-43] (D-CA)
- Cosponsors: 13
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Federal Reserve Racial and Economic Equity Act This bill requires the Federal Reserve Board to carry out its duties in a manner that supports the elimination of racial and ethnic disparities in employment, income, wealth, and access to affordable credit. The board must report on disparities in labor force trends as well as on plans and activities of the board to minimize and eliminate these disparities.

## Cosponsors (13)

- Rep. Velázquez, Nydia M. [D-NY-7] (D-NY), 2020-08-07T00:00:00.000Z
- Rep. Meeks, Gregory W. [D-NY-5] (D-NY), 2020-08-07T00:00:00.000Z
- WM. CLAY (D-MO), 2020-08-07T00:00:00.000Z
- Rep. Pressley, Ayanna [D-MA-7] (D-MA), 2020-08-07T00:00:00.000Z
- Rep. Lynch, Stephen F. [D-MA-8] (D-MA), 2020-08-07T00:00:00.000Z
- Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL), 2020-08-07T00:00:00.000Z
- Rep. Garcia, Sylvia R. [D-TX-29] (D-TX), 2020-08-07T00:00:00.000Z
- Rep. Maloney, Carolyn B. [D-NY-12] (D-NY), 2020-08-07T00:00:00.000Z
- Rep. Sherman, Brad [D-CA-32] (D-CA), 2020-08-07T00:00:00.000Z
- Rep. Green, Al [D-TX-9] (D-TX), 2020-08-07T00:00:00.000Z
- Rep. Cleaver, Emanuel [D-MO-5] (D-MO), 2020-08-07T00:00:00.000Z
- Rep. Lawson, Al, Jr. [D-FL-5] (D-FL), 2020-08-07T00:00:00.000Z
- Del. San Nicolas, Michael F. Q. [D-GU-At Large] (D-GU), 2020-08-07T00:00:00.000Z

## Related bills

- 116-hr-6820: Emergency Rental Assistance and Rental Market Stabilization Act of 2020
- 116-hr-2420: National Museum of the American Latino Act
- 116-hr-2382: USPS Fairness Act
- 116-hr-865: Rebuild America’s Schools Act of 2019
- 116-hr-51: Washington, D.C. Admission Act
- 116-hr-8015: Delivering for America Act

## Sources
- [116-hr-7946 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7946)

## Related
- [116-hr-6820: Emergency Rental Assistance and Rental Market Stabilization Act of 2020](https://policyrisk.com/legislation/116-hr-6820)
- [116-hr-2420: National Museum of the American Latino Act](https://policyrisk.com/legislation/116-hr-2420)
- [116-hr-2382: USPS Fairness Act](https://policyrisk.com/legislation/116-hr-2382)
- [116-hr-865: Rebuild America’s Schools Act of 2019](https://policyrisk.com/legislation/116-hr-865)
- [116-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/116-hr-51)
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7946 (as of 2025-11-18).