Date: June 15, 2022
Subject: Mandating the Federal Reserve to "Eliminate Economic Disparities"
Description: This bill, known as the "Federal Reserve Racial and Economic Equity Act," interferes with the U.S. banking system with preference based on race. Specifically, the bill calls for the Federal Reserve to "exercise all duties and functions in a manner that fosters the elimination of disparities across racial and ethnic groups with respect to employment, income, wealth, and access to affordable credit." CPAC opposes violating the principle of equal treatment under the law.
Result: Bill Passed, 215-207
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