Bill Introduced to End Conflicts of Interest at the Federal Reserve
WASHINGTON,ย May 22 – Sen. Bernie Sanders (I-Vt.) today introduced legislation to prohibit banking industry executives from serving as directors of the 12ย Federal Reserve regional banks. Sen. Barbaraย Boxer (D-Calif.) is an original co-sponsor of the measure to end conflicts ofย interest involving regulators and the financial institutions they regulate.ย She joined Sanders at a Capitol news conference. Sen. Mark Begich (D-Alaska) also is