,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bicg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,november #ah1 
#bjad ,mr4 ,reed introduced the         
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to require the president of the
 ,federal ,reserve ,bank of ,new ,york  
to be appointed by the ,president1 by   
and with the advice and consent of the  
,senate4  #a4 ,federal reserve bank     
governance  7a7 ,in general ,section #d 
of the ,federal ,reserve ,act 7#ab      
,u4,s4,c4 #cja through #cjh2 #cda7 is   
amended by adding at the end the        
following3  7#be7 ,selection of the     
president of the ,federal ,reserve ,bank
 of ,new ,york ,notwithstanding any     
other provision of this section1 the    
president of the ,federal ,reserve ,bank
 of ,new ,york shall be appointed by the
 ,president1 by and with the advice and 
consent of the ,senate1 for terms of #e 
years4  7#bf7 ,testimony ,the president 

of the ,federal ,reserve ,bank of ,new  
,york1 on an annual basis1 shall provide
 testimony to the ,committee on         
,banking1 ,housing1 and ,urban ,affairs 
of the ,senate and the ,committee on    
,financial ,services of the ,house of   
,representatives4  4  7b7 ,effective    
date ,the amendment made by subsection  
7a7 shall take effect on the date of    
enactment of this ,act and apply to     
appointments for the president of the   
,federal ,reserve ,bank of ,new ,york   
made on and after that effective date4