SEC. 2. CONGRESSIONAL FINDINGS. 
The Congress finds that— 
(1) while significant progress has occurred due 
to the antidiscrimination amendments to the Federal 
Reserve Act, barriers continue to pose significant ob-
stacles for candidates reflective of gender diversity 
and racial or ethnic diversity for Federal Reserve 
bank president positions in the Federal Reserve Sys-
tem; 
(2) the continuing barriers described in para-
graph (1) merit the following amendment; 
(3) Congress has received and reviewed testi-
mony and documentation of the historical lack of 
gender, racial, and ethnic diversity from numerous 
sources, including congressional hearings, scientific 
reports, reports issued by public and private agen-
cies, news stories, and reports of related barriers by 
organizations and individuals, which show that 
race-, ethnicity-, and gender-neutral efforts alone are 
insufficient to address the problem; 
(4) the testimony and documentation described 
in paragraph (3) demonstrate that barriers across 
the United States prove problematic for full and fair 
participation in developing monetary policy by indi-
viduals reflective of gender diversity and racial or 
ethnic diversity; and 
VerDate Sep 11 2014 
21:13 Oct 05, 2016
Jkt 069200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H6225.IH
H6225
sradovich on DSK3GMQ082PROD with BILLS
(5) the testimony and documentation described 
in paragraph (3) provide a strong basis that there 
is a compelling need for the below amendment to ad-
dress the historical lack of gender, racial, and ethnic 
diversity in the Federal Reserve regional bank presi-
dents selection process in the Federal Reserve Sys-
tem. 
SEC. 3. FEDERAL RESERVE BANK PRESIDENTS. 
The provision designated ‘‘fifth’’ of the fourth undes-
ignated paragraph of section 4 of the Federal Reserve Act 
(12 U.S.C. 341) is amended by inserting after ‘‘employ-
ees.’’ 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. 
(a) BRETTON
WOODS
AGREEMENTS
ACT.—The 
Bretton Woods Agreements Act (22 U.S.C. 286 et seq.) 
is amended— 
(1) in section 4(a), by striking ‘‘Chairman of 
the Board of Governors’’ and inserting ‘‘Chair of the 
Board of Governors’’; and 
(2) in section 45(a)(1), by striking ‘‘chairman 
of the board of Governors’’ and inserting ‘‘Chair of 
the Board of Governors’’. 
VerDate Sep 11 2014 
21:13 Oct 05, 2016
Jkt 069200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H6225.IH
H6225
sradovich on DSK3GMQ082PROD with BILLS
(b) DODD-FRANK WALL STREET REFORM AND CON-
SUMER 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’’. 
(c) 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’’. 
(d) 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 Gov-
ernors’’ and inserting ‘‘Chair of the Board of Governors’’. 
(e) 
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’’. 
(f) FEDERAL DEPOSIT INSURANCE ACT.—The Fed-
eral Deposit Insurance Act (12 U.S.C. 1811 et seq.) is 
amended by striking ‘‘Chairman of the Board of Gov-
ernors’’ each place such term appears and inserting 
‘‘Chair of the Board of Governors’’. 
VerDate Sep 11 2014 
04:40 Oct 05, 2016
Jkt 069200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H6225.IH
H6225
sradovich on DSK3GMQ082PROD with BILLS
(g) FEDERAL RESERVE ACT.—The Federal Reserve 
Act (12 U.S.C. 226 et seq.) is amended— 
(1) by striking ‘‘chairman’’ each place such 
term appears and inserting ‘‘chair’’; 
(2) by striking ‘‘Chairman’’ each place such 
term appears other than in section 11(r)(2)(B) and 
inserting ‘‘Chair’’; 
(3) in section 2, in the sixth undesignated para-
graph— 
(A) in the second sentence, by striking 
‘‘his’’ and inserting ‘‘the Comptroller of the 
Currency’s’’; and 
(B) in the third sentence, by striking ‘‘his’’ 
and inserting ‘‘the director’s’’; 
(4) in section 4— 
(A) in the third undesignated paragraph, 
by striking ‘‘his office’’ and inserting ‘‘the Of-
fice of the Comptroller of the Currency’’; 
(B) in the fourth undesignated paragraph, 
in the provision designated ‘‘fifth’’, by striking 
‘‘his’’ and inserting ‘‘the person’s’’; 
(C) in the eighth undesignated paragraph, 
by striking ‘‘his’’ and inserting ‘‘the chair’s’’; 
(D) in the seventeenth undesignated para-
graph— 
VerDate Sep 11 2014 
04:40 Oct 05, 2016
Jkt 069200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H6225.IH
H6225
sradovich on DSK3GMQ082PROD with BILLS
(i) by striking ‘‘his’’ and inserting 
‘‘the officer’s’’; and 
(ii) by striking ‘‘he’’ and inserting 
‘‘the individual’’; 
(E) in the twentieth undesignated para-
graph— 
(i) by striking ‘‘He’’ each place such 
term appears and inserting ‘‘The chair’’; 
(ii) in the third sentence— 
(I) by striking ‘‘his’’ and insert-
ing ‘‘the’’; and 
(II) by striking ‘‘he’’ and insert-
ing a comma; and 
(iii) in the fifth sentence, by striking 
‘‘he’’ and inserting ‘‘the chair’’; and 
(F) in the twenty-first undesignated para-
graph, by striking ‘‘his’’ each place such term 
appears and inserting ‘‘the agent’s’’; 
(5) in section 6, in the second undesignated 
paragraph, by striking ‘‘he’’ and inserting ‘‘the 
Comptroller of the Currency’’; 
(6) in section 9A(c)(2)(C), by striking ‘‘he’’ and 
inserting ‘‘the participant’’; 
(7) in section 10— 
VerDate Sep 11 2014 
21:13 Oct 05, 2016
Jkt 069200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6201
E:\BILLS\H6225.IH
H6225
sradovich on DSK3GMQ082PROD with BILLS