H.R. 7247, titled the "Ensuring Diverse Leadership Act of 2024," aims to increase diversity in the selection process for Federal Reserve bank presidents. The bill requires that when appointing these presidents, each Federal Reserve bank must interview at least one candidate...
Simple Explanation
The bill wants to make sure that when choosing leaders for banks, they have to meet at least one boy or girl and one person from different backgrounds. It also wants to make the words in other laws friendlier, like changing "Chairman" to "Chair".