Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-hr-5499119th CongressWALLET
Fed Integrity and Independence Act of 2025
Sponsored By: Representative Vargas, Juan [D-CA-52]
Introduced
Summary
Ends dual presidential appointments for senior Federal Reserve officials to protect Fed independence. This bill would bar certain top Fed officials from holding any other office for which they were appointed by the President, including while on leave.
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- Board members would be prohibited from simultaneously holding any other presidentially appointed office or employment. The bill preserves the current compensation rules for those Board members.
- Presidents of Federal Reserve Banks and the First Vice President of the Federal Reserve Bank of New York would face the same ban on holding other presidentially appointed positions, including during leaves.
- Any individual serving in a covered role who becomes ineligible under these rules would be terminated effective on enactment.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
No dual roles for Fed leaders
This bill would ban dual roles for top Federal Reserve leaders. Fed Governors, Fed Bank presidents, and the New York Fed's First Vice President could not hold any other presidentially appointed job. This would apply even if they are on leave from the other job. The ban would start on the day the bill becomes law. Anyone made ineligible in a covered Fed role would be removed that day.
Sponsors & CoSponsors
Sponsor
Vargas, Juan [D-CA-52]
CA • D
Cosponsors
Rep. Velázquez, Nydia M. [D-NY-7]
NY • D
Sponsored 9/26/2025
Rep. Beatty, Joyce [D-OH-3]
OH • D
Sponsored 10/10/2025
Rep. Fields, Cleo [D-LA-6]
LA • D
Sponsored 10/10/2025
Rep. Casten, Sean [D-IL-6]
IL • D
Sponsored 2/25/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov