Juan Vargas (D-CA)
Fed Integrity and Independence Act of 2025
A Democratic bill with 4 Democratic cosponsors · See all 4 cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The Fed Integrity and Independence Act of 2025 aims to amend the Federal Reserve Act. The bill seeks to prohibit certain employees of the Federal Reserve System from holding dual appointments. Specifically, it targets individuals who hold positions appointed by the President. This includes members of the Board of Governors, presidents of Federal reserve banks, and the first vice president of the Federal Reserve Bank of New York. The bill also includes a rule for the immediate termination of individuals who become ineligible due to these new restrictions.
Yes
- Scored +2
Is this likely to slow the rise in prices?
The bill aims to protect Federal Reserve independence to ensure monetary policy focuses on long-run goals rather than political pressure, which is intended to stabilize the economy.
- Scored +1
Is this likely to grow the economy?
Protecting the independence of the central bank from political interference is intended to support effective economic operations and long-run goals.
- Scored +1
Does this make what the government does easier for the public to see?
The bill establishes clearer conflict-of-interest rules regarding dual appointments for high-level Federal Reserve officials.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Protection of Federal Reserve Independence: By prohibiting employees appointed by the President from holding dual roles, the bill aims to protect the independence of the Federal Reserve System from political interference from the President (Section 2(a)).
-
Focus on Long-run Monetary Policy Goals: The bill's findings suggest that maintaining independence helps ensure monetary policy decisions focus on long-run goals rather than being subject to political pressures (Section 2(a)).
-
Prevention of Dual Appointments for Board Members: The bill amends the Federal Reserve Act so that members of the Board of Governors may not simultaneously hold any other office or position for which they are appointed by the President (Section 3(a)).
-
Prevention of Dual Appointments for Bank Leadership: The bill prohibits presidents of Federal reserve banks and the first vice president of the Federal Reserve Bank of New York from simultaneously holding other positions appointed by the President (Section 3(b)).
Potential Negative Impacts for People
- Termination of Current Officials: Individuals currently serving as a governor of the Board of Governors, a president of a Federal reserve bank, or the first vice president of the Federal Reserve Bank of New York who are ineligible under these new rules will be terminated on the date the Act is enacted (Section 3(c)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Is this likely to slow the rise in prices? — The bill aims to protect Federal Reserve independence to ensure monetary policy focuses on long-run goals rather than political pressure, which is intended to stabilize the economy. Is this likely to grow the economy? — Protecting the independence of the central bank from political interference is intended to support effective economic operations and long-run goals.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill establishes clearer conflict-of-interest rules regarding dual appointments for high-level Federal Reserve officials.
- 2/25/2026
- 1 Cosponsor added.
- 10/10/2025
- 2 Cosponsors added.
- 9/26/2025
- 1 Cosponsor added.
- 9/18/2025
- Referred to the House Committee on Financial Services.
- Introduced in House
Joyce BeattyDemocrat · Ohio
Sean CastenDemocrat · Illinois
Cleo FieldsDemocrat · Louisiana
Nydia VelázquezDemocrat · New York