,i #aaeth ,,congress #b;d ,session ,h4 ,r4 #dgei ,,in ,,the ,,house ,,of ,,representatives ,january #aj1 #bjah,mr4 ,williams introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to amend the ,federal ,reserve ,act to revise the membership of ,federal ,open ,market ,committee1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,,fomc ,representation ,improvement ,act4 #b4 ,membership of ,federal ,open ,market ,committee ,section #ab;,a7a7 of the ,federal ,reserve ,act 7#ab ,u4,s4,c4 #bfc7;a77 is amended-- 7#a7 in the first sentence1 by striking five representatives of the ,federal ,reserve banks to be selected as hereinafter provided and inserting one representative from each of the ,federal ,reserve banks2 7#b7 in the second sentence1 by striking and1 beginning and all that follows through ,san ,francisco2 and 7#c7 by striking the third and fourth sentences4