Search Results for keywords:"minority-owned firms"

Search Results: keywords:"minority-owned firms"

H. R. 7579 — To amend the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to establish goals for the use of diverse investment advisers, brokers, and dealers in investment management agreements related to the Board of Governors unusual and exigent circumstances authority, and for other purposes.
March 07, 2024
Status:Introduced in House
Congress:118
Words:722
H.R. 7579, titled the "Emergency Lending Diversity Act of 2024," aims to modify the Federal Reserve Act by requiring the Federal Reserve Board to set goals for including diverse investment advisers, brokers, and dealers in its investment management agreements, especially...
Simple Explanation
H.R. 7579 wants the Federal Reserve to hire more companies owned by women, minorities, or veterans when it needs help with money stuff during emergencies, making sure lots of different people can get involved.
H. R. 10198 — To amend the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to establish goals for the use of diverse investment advisers, brokers, and dealers in investment management agreements related to the Board of Governors unusual and exigent circumstances authority, and for other purposes.
November 21, 2024
Status:Introduced in House
Congress:118
Words:721
H.R. 10198 aims to modify the Federal Reserve Act by requiring the Board of Governors to set goals for including diverse firms in investment management deals during emergencies. The bill encourages using investment advisers and intermediaries that are at least 51% owned or...
Simple Explanation
The H.R. 10198 bill wants the people in charge of America's money to make more room for businesses owned by women, minorities, or veterans when they need help managing money during tricky times. It tries to make sure these special businesses get a fair shot at helping out, just like everyone else.

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