Fed Integrity and Independence Act of 2025

Sponsor: Juan Vargas (Democratic-CA)September 18, 2025

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Financial Services.

Bans certain top Federal Reserve officials from holding other presidential appointments.

This bill would stop top leaders at the Federal Reserve from also holding other jobs appointed by the President. This includes positions they might hold while on leave. The goal is to keep the Federal Reserve independent from political influence.

What Would Change

Today, some top Federal Reserve officials can hold other jobs appointed by the President, even if they are on leave from those jobs. If this bill becomes law, these officials would no longer be allowed to hold both types of positions at the same time. Any current officials who are in violation would immediately be removed from their Federal Reserve role.

Key Provisions

Bans members of the Federal Reserve Board of Governors from holding any other job appointed by the President, even if on leave.
Stops presidents of Federal Reserve banks from holding any other job appointed by the President, even if on leave.
Prevents the first vice president of the Federal Reserve Bank of New York from holding any other job appointed by the President, even if on leave.
Ends the Federal Reserve positions of current officials who are holding both a Federal Reserve role and a President-appointed job when the bill becomes law.

View on Congress.gov

HR 5499 · 119th Congress · September 18, 2025 · AI Summary by gemini-2.5-flash · 10/10

Fed Integrity and Independence Act of 2025

What Would Change

Key Provisions

Lobbying Activity