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119-s-2817119th CongressWALLET

Fed Integrity and Independence Act of 2025

Sponsored By: Senator Gallego, Ruben [D-AZ]

Introduced

Summary

This bill would strengthen Federal Reserve independence by imposing a categorical ban on dual appointments for Fed officials. It aims to remove potential conflicts where politically appointed officials hold simultaneous roles that could influence monetary policy or supervisory decisions.

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  • Board of Governors: A Board member could not simultaneously hold any other office, position, or employment appointed by the President, even while on leave. This narrows who can serve in both a Fed role and another presidential appointment.
  • Federal Reserve Bank leaders and staff: Presidents, vice presidents, officers, and employees of Reserve Banks could not hold any other presidentially appointed office at the same time. This stops overlap between Reserve Bank employment and other presidential appointments.
  • Federal Reserve Bank directors: Members of Reserve Bank boards of directors could not simultaneously hold any other presidentially appointed office. That reduces potential conflicts on regional governance.
  • Institutional effect: The bill frames these changes as a step to protect the Fed's credibility and shield monetary policy from electoral or partisan pressure.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Ban on dual Fed appointments

This bill would bar Federal Reserve Board members from holding any other job the President appoints. It would also bar Reserve Bank presidents, officers, and employees from holding other President-appointed offices. Reserve Bank board directors would also be barred from holding any President-appointed office while serving. The ban would include holding the other job while on leave. If enacted, the change would take effect upon enactment and aims to reduce conflicts and protect Fed independence.

Sponsors & CoSponsors

Sponsor

Gallego, Ruben [D-AZ]

AZ • D

Cosponsors

  • Sen. Kim, Andy [D-NJ]

    NJ • D

    Sponsored 9/16/2025

  • Sen. Warren, Elizabeth [D-MA]

    MA • D

    Sponsored 9/16/2025

  • Sen. Alsobrooks, Angela D. [D-MD]

    MD • D

    Sponsored 9/16/2025

  • Sen. Van Hollen, Chris [D-MD]

    MD • D

    Sponsored 9/16/2025

  • Sen. Cortez Masto, Catherine [D-NV]

    NV • D

    Sponsored 9/16/2025

  • Sen. Blunt Rochester, Lisa [D-DE]

    DE • D

    Sponsored 9/16/2025

  • Sen. Warnock, Raphael G. [D-GA]

    GA • D

    Sponsored 9/16/2025

  • Sen. Warner, Mark R. [D-VA]

    VA • D

    Sponsored 9/17/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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