,,ii  #aafth ,,congress  #b;d ,session  
,s4 #ddfd  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #f1    
#bjbj,ms4 ,warren 7for herself1 ,mrs4   
,gillibrand1 ,mr4 ,markey1 ,mr4         
,sanders1 ,mrs4 ,feinstein1 ,mr4        
,booker1 ,mr4 ,van ,hollen1 ,mr4        
,blumenthal1 ,mr4 ,brown1 and ,mr4      
,reed7 introduced the following bill2   
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to amend   
the ,federal ,reserve ,act to add       
additional demographic reporting        
requirements1 to modify the goals of the
 ,federal ,reserve ,system1 and for     
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,federal       
,reserve ,racial and ,economic ,equity  
,act4  #b4 ,duty to minimize and        
eliminate racial disparities ,the       
,federal ,reserve ,act 7#ab ,u4,s4,c4   
#bba et seq47 is amended by inserting   
after section #b;,b the following3      
#b;,c4 ,duty to minimize and eliminate  

racial disparities ,the ,board of       
,governors of the ,federal ,reserve     
,system and the ,federal ,open ,market  
,committee shall exercise all duties and
 functions in a manner that fosters the 
elimination of disparities across racial
 and ethnic groups with respect to      
employment1 income1 wealth1 and access  
to affordable credit1 including actions 
in carrying out-- 7#a7 monetary policy2 
7#b7 regulation and supervision of      
banks1 thrifts1 bank holding companies1 
savings and loan holding companies1 and 
nonbank financial companies and         
systemically important financial market 
utilities designated by the ,financial  
,stability ,oversight ,council2  7#c7   
operation of payment systems2  7#d7     
implementation of the ,community        
,reinvestment ,act of #aigg2  7#e7      
enforcement of fair lending laws2 and   
7#f7 community development functions4  4
  #c4 ,appearances before and reports to
 the ,congress ,section #b;,b of the    
,federal ,reserve ,act 7#ab ,u4,s4,c4   

#bbe;b7 is amended-- 7#a7 in subsection 
7a77#a7-- 7,a7 in subparagraph 7,a71 by 
striking and at the end2 and  7,b7 by   
striking subparagraph 7,b7 and inserting
 the following3  7,b7 economic          
developments and prospects for the      
future described in the report required 
in subsection 7b71 including a          
discussion of disparities in employment1
 income1 and wealth across racial and   
ethnic groups as well as other specific 
segments of the population2 and  7,c7   
plans1 activities1 and actions of the   
,board and the ,federal ,open ,market   
,committee to minimize and eliminate    
racial disparities in employment1 wages1
 wealth1 and access to affordable credit
 pursuant to section #b;,c4  2 and  7#b7
 in subsection 7b7-- 7,a7 by striking   
,the ,board and inserting the following3
  7#a7 ,in general ,the ,board  2 and   
7,b7 by adding at the end the following3
  7#b7 ,trend information  7,a7 ,in     
general ,each report required under     
paragraph 7#a7 shall include recent     

trends in the unemployment rate1 labor  
force participation rate1 employment to 
population ratio1 median household      
income1 and change in real earnings4    
7,b7 ,demographic information ,the      
trends required to be reported under    
subparagraph 7,a7 shall include a       
comparison among different demographic  
groups1 including race 7,white1         
,african-,american1 ,latino1 ,native    
,american1 and ,asian populations71     
ethnicity1 gender1 and educational      
attainment4  4