H.R. 281 — what changed
Ensuring Diverse Leadership Act of 2019
From Introduced in House to Engrossed in House. 2 sections amended between Introduced in House and Engrossed in House.
Sec. 3 Federal reserve bank presidents
added
In general— The provision designated “fifth” of the fourth undesignated paragraph of section 4 of the Federal Reserve Act (12 U.S.C. 341) is amended by inserting after “employees.” the following: “In making the appointment of a president, the bank shall interview at least one individual reflective of gender diversity and one individual reflective of racial or ethnic diversity.”.
added
Report— Not later than January 1 of each year, each Federal reserve bank shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate, the Committee on Financial Services of the House of Representatives, and the Office of Inspector General for the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection a report describing the applicant pool demographic for the position of the president of the Federal reserve bank for the preceding fiscal year, if applicable.
removed
The provision designated “fifth” of the fourth undesignated paragraph of section 4 of the Federal Reserve Act (12 U.S.C. 341) is amended by inserting after “employees.” the following: “In making the appointment of a president, the bank shall interview at least one individual reflective of gender diversity and one individual reflective of racial or ethnic diversity.”.
Sec. 4 Technical adjustments
American Competitiveness and Workforce Improvement Act of 1998— Section 418(b) of the American Competitiveness and Workforce Improvement Act of 1998 (8 U.S.C. 1184 note) is amended by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”.
Bretton Woods Agreements Act— The Bretton Woods Agreements Act (22 U.S.C. 286 et seq.) is amended—
in section 4(a), by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”; and
in section 45(a)(1), by striking “chairman of the board of Governors” and inserting “Chair of the Board of Governors”.
Dodd-Frank Wall Street Reform and Consumer Protection Act— The Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 et seq.) is amended by striking “Chairman of the Board” each place such term appears and inserting “Chair of the Board”.
Emergency Economic Stabilization Act of 2008— The Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5201 et seq.) is amended by striking “Chairman of the Board” each place such term appears and inserting “Chair of the Board”.
Emergency Loan Guarantee Act— Section 2 of the Emergency Loan Guarantee Act (15 U.S.C. 1841) is amended by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”.
changed
Emergency Steel Loan Guarantee and Emergency Oil and Gas Guaranteed Loan Act of 1999— The Emergency Steel Loan Guarantee and Emergency Oil and Gas Guaranteed Loan Act of 1999 (15 U.S.C. 1841 note) is amended—
in section 101(e)(2)—
by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”; and
by striking “Chairman,” and inserting “Chair,”; and
in section 201(d)(2)(B)—
by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”; and
by striking “Chairman,” and inserting “Chair,”.
Farm Credit Act of 1971— Section 4.9(d)(1)(C) of the Farm Credit Act of 1971 (12 U.S.C. 2160(d)(1)(C)) is amended by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”.
changed
Federal Deposit Insurance Act— The Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.) is amended by striking “Chairman of the Board of Governors” each place such term appears and inserting “Chair of the Board of Governors”.amended—
added
in section 7(a)(3), by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”; and
added
in section 10(k)(5)(B)(ii), by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”.
Federal Reserve Act— The Federal Reserve Act (12 U.S.C. 226 et seq.) is amended—
by striking “chairman” each place such term appears and inserting “chair”;
by striking “Chairman” each place such term appears other than in section 11(r)(2)(B) and inserting “Chair”;
in section 2, in the sixth undesignated paragraph—
in the second sentence, by striking “his” and inserting “the Comptroller of the Currency’s”; and
in the third sentence, by striking “his” and inserting “the director’s”;
in section 4—
in the third undesignated paragraph, by striking “his office” and inserting “the Office of the Comptroller of the Currency”;
in the fourth undesignated paragraph, in the provision designated “fifth”, by striking “his” and inserting “the person’s”;
in the eighth undesignated paragraph, by striking “his” and inserting “the chair’s”;
in the seventeenth undesignated paragraph—
by striking “his” and inserting “the officer’s”; and
by striking “he” and inserting “the individual”;
in the twentieth undesignated paragraph—
by striking “He” each place such term appears and inserting “The chair”;
in the third sentence—
by striking “his” and inserting “the”; and
by striking “he” and inserting a comma; and
in the fifth sentence, by striking “he” and inserting “the chair”; and
in the twenty-first undesignated paragraph, by striking “his” each place such term appears and inserting “the agent’s”;
in section 6, in the second undesignated paragraph, by striking “he” and inserting “the Comptroller of the Currency”;
in section 9A(c)(2)(C), by striking “he” and inserting “the participant”;
in section 10—
by striking “he” each place such term appears and inserting “the member”;
in the second undesignated paragraph, by striking “his” and inserting “the member’s”; and
in the fourth undesignated paragraph—
in the second sentence, by striking “his” and inserting “the chair’s”;
in the fifth sentence, by striking “his” and inserting “the member’s”; and
in the sixth sentence, by striking “his” and inserting “the member’s”;
in section 12, by striking “his” and inserting “the member’s”;
changed
in section 13, in the eleventh tenth undesignated paragraph, by striking “his” and inserting “the assured’s”;
in section 16—
by striking “he” each place such term appears and inserting “the agent”;
in the seventh undesignated paragraph—
by striking “his” and inserting “the agent’s”; and
by striking “himself” and inserting “the agent”;
in the tenth undesignated paragraph, by striking “his” and inserting “the Secretary’s”; and
in the fifteenth undesignated paragraph, by striking “his” and inserting “the agent’s”;
in section 18, in the eighth undesignated paragraph, by striking “he” and inserting “the Secretary of the Treasury”;
in section 22—
in subsection (f), by striking “his” and inserting “the director’s or officer’s”; and
in subsection (g)—
in paragraph (1)(D)—
by striking “him” and inserting “the officer”; and
by striking “he” and inserting “the officer”; and
in paragraph (2)(A), by striking “him as his” and inserting “the officer as the officer’s”; and
in section 25A—
in the twelfth undesignated paragraph—
by striking “he” each place such term appears and inserting “the member”; and
by striking “his” and inserting “the member’s”;
in the fourteenth undesignated paragraph, by striking “his” and inserting “the director’s or officer’s”; and
in the twenty-second undesignated paragraph, by striking “his” each place such term appears and inserting “such individual’s”.
Federal Reserve Reform Act of 1977— Section 204(b) of the Federal Reserve Reform Act of 1977 (12 U.S.C. 242 note) is amended by striking “Chairman or Vice Chairman of the Board of Governors” and inserting “Chair or Vice Chair of the Board of Governors”.
Financial Institutions Reform, Recovery, and Enforcement Act of 1989— The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 is amended—
in section 308 (12 U.S.C. 1463 note)—
in subsection (a), by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”; and
in subsection (c), by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”;
in section 1001(a) (12 U.S.C. 1811 note), by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”; and
in section 1205(b)(1)(A) (12 U.S.C. 1818 note)—
by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”; and
by striking “Chairman’s” and inserting “Chair’s”.
Food, Conservation, and Energy Act of 2008— Section 13106(a) of the Food, Conservation, and Energy Act of 2008 (7 U.S.C. 2 note) is amended by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”.
Housing and Community Development Act of 1992— Section 1313(a)(3) of the Housing and Community Development Act of 1992 (12 U.S.C. 4513(a)(3)) is amended—
in the heading, by striking “chairman” and inserting “chair”;
changed
by striking “Chairman of the Board of Governors” each place such term appears and inserting “Chair of the Board of Governors”; and
by striking “Chairman regarding” and inserting “Chair regarding”.
Inspector General Act of 1978— Section 8G of the Inspector General Act of 1978 is amended by striking “Chairman of the Board of Governors” each place such term appears and inserting “Chair of the Board of Governors”.
International Lending Supervision Act of 1983— Section 908(b)(3)(C) of the International Lending Supervision Act of 1983 (12 U.S.C. 3907(b)(3)(C)) is amended by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”.
Neighborhood Reinvestment Corporation Act— Section 604(a)(3) of the Neighborhood Reinvestment Corporation Act (42 U.S.C. 8103(a)(3)) is amended by striking “Chairman” each place it appears and inserting “Chair”.
Public Law 93–495— Section 202(a)(1) of Public Law 93–495 (12 U.S.C. 2402(a)(1)) is amended—
by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”; and
by striking “his” and inserting “the Chair’s”.
Sarbanes-Oxley Act of 2002— Section 101(e)(4)(A) of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7211(e)(4)(A)) is amended by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”.
Securities Exchange Act of 1934— Section 17A(f)(4)(C) of the Securities Exchange Act of 1934 (15 U.S.C. 78q–1(f)(4)(C)) is amended by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”.
Title 31— Title 31, United States Code, is amended—
in section 1344(b)(7), by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”; and
in section 5318A, by striking “Chairman of the Board of Governors” each place such term appears and inserting “Chair of the Board of Governors”.
Trade Act of 1974— Section 163(b)(3) of the Trade Act of 1974 (19 U.S.C. 2213(b)(3)) is amended by striking “Chairman of the Board of Governors” and inserting “Chair of the Board of Governors”.
Deeming of name— Any reference in a law, regulation, document, paper, or other record of the United States to the Chairman of the Board of Governors of the Federal Reserve System shall be deemed to be a reference to the Chair of the Board of Governors of the Federal Reserve System.