text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``Federal Reserve Board Civil Rights 
  Compliance Act of 1999''.
  
  SEC. 2. FINDINGS.
  
      The Congress finds the following:
              (1) The passage of the Civil Rights Act of 1964 was a 
          milestone embodying a national policy of equal protection under 
          the law regardless of race, color, religion, sex, or national 
          origin.
              (2) Title VII of the Civil Rights Act of 1964 protects 
          individuals against discrimination in the workplace.
              (3) Section 717 of title VII of such Act applies to all 
          personnel actions affecting employees and applicants for 
          employment in an ``executive agency''.
              (4) An ``executive agency'' is defined in section 105 of 
          title 5, United States Code, to include an ``independent 
          establishment'' in the executive branch.
              (5) The Board of Governors of the Federal Reserve System 
          exercises extensive regulatory and enforcement authority as a 
          Federal banking agency (as defined in section 3 of the Federal 
          Deposit Insurance Act) with regard to State banks which are 
          members of a Federal reserve bank, bank holding companies, and 
          foreign bank operations in the United States under the Federal 
          Reserve Act, the Bank Holding Company Act of 1956, the Banking 
          Act of 1933, the International Banking Act of 1978, the Federal 
          Deposit Insurance Act, and other Federal laws, including the 
          authority to remove directors, officers, and employees from 
          their positions in banks and bank holding companies, the 
          authority to impose large civil money penalties, and the 
          authority to order the divestiture of banks by bank holding 
          companies.
              (6) The Supreme Court of the United States has stated in 
          the case of Bowsher, Comptroller General of the United States 
          v. Synar, Member of Congress, et al., 478 U.S. 714, 733 (1986), 
          that ``[i]nterpreting a law enacted by Congress to implement 
          the legislative mandate is the very essence of `execution' of 
          the law'' and noted that the exercise of judgment concerning 
          facts that affect the application of an Act is typically made 
          by officers charged with executing a statute, ibid.
              (7) The activities of the Board of Governors of the Federal 
          Reserve System clearly constitute ``execution of the law'' and 
          the Board is, therefore, clearly and unambiguously an 
          independent establishment in the executive branch (as such term 
          is used in section 104 of title 5, United States Code).
              (8) The Equal Employment Opportunity Commission, which is 
          responsible for enforcing compliance with title VII of the 
          Civil Rights Act of 1964, has consistently and properly 
          interpreted title VII as applying to the Board of Governors of 
          the Federal Reserve System.
              (9) The United States Court of Appeals for the District of 
          Columbia Circuit established, in the case of Hilliard v. 
          Volcker, 659 F.2d 1125 (D.C. Cir. 1981), that the Board of 
          Governors of the Federal Reserve System is an executive agency 
          within the meaning of section 105 of title 5, United States 
          Code, and section 717 of title VII of the Civil Rights Act of 
          1964.
              (10) The Board of Governors of the Federal Reserve System 
          did not argue to the contrary while the case of Hilliard v. 
          Volcker was before the United States Court of Appeals for the 
          District of Columbia Circuit.
              (11) On October 17, 1994, a jury in the case Bennett v. 
          Greenspan, C.A. No. 98-0813-RMU, (Dt. D.C.) found the Board of 
          Governors of the Federal Reserve liable for racial 
          discrimination, and retaliation, in violation of title VII of 
          the Civil Rights Act of 1964.
              (12) The Board of Governors of the Federal Reserve System 
          has repeatedly suggested in correspondence with the Congress 
          that such Board is not an executive agency under section 105 of 
          title 5, United States Code, and is therefore not covered by 
          title VII of the Civil Rights Act of 1964.
              (13) The Board of Governors of the Federal Reserve System 
          has acted inconsistently with current law in suggesting, 
          despite--
                      (A) the unambiguous meaning of section 105 of title 
                  5, United States Code,
                      (B) the unambiguous language title VII of the Civil 
                  Rights Act of 1964, and
                      (C) the clear applicability of title VII of the 
                  Civil Rights Act of 1964 to the Board of Governors of 
                  the Federal Reserve in several cases brought against 
                  the Board in the courts of the United States,
          that the Board is not covered by title VII of the Civil Rights 
          Act of 1964.
  
  SEC. 3. REQUIRED POSTING OF NOTICES.
  
      The Board of Governors of the Federal Reserve System shall post and 
  keep posted in conspicuous places upon its premises where such notices 
  to employees and applicants for employment are customarily posted, and 
  at such other places as the Equal Employment Opportunity Commission may 
  determine, a notice to be prepared or approved by the Commission 
  setting forth--
              (1) excerpts from or summaries of the pertinent provisions 
          of title VII of the Civil Rights Act of 1964 (42 U.S.C. 2000e 
          et seq.), and
              (2) information pertinent to the rights and procedures 
          applicable under such Acts to employees of, and applicants for 
          employment by, the Board.
  
  SEC. 4. REPORT ON COMPLIANCE.
  
      Not later than 180 days after the date of the enactment of this 
  Act, the Board of Governors of the Federal Reserve System shall submit 
  a report, to the Committee on Banking and Financial Services of the 
  House of Representatives and the Committee on Banking, Housing, and 
  Urban Affairs of the Senate, describing in detail the actions taken by 
  the Board to achieve compliance with section 717 of the Civil Rights 
  Act of 1964 (42 U.S.C. 2000e-16).
target: Federal Reserve Board Civil Rights Compliance Act of 1999 - Directs the Board of Governors of the Federal Reserve System to post at its premises a notice to be prepared or approved by the Equal Employment Opportunity Commission setting forth excerpts from or summaries of the pertinent provisions of title VII of the Civil Rights Act of 1964 and information pertinent to the rights and procedures applicable under such Act to Board employees and applicants.  Requires the Board to report to the congressional banking committees on actions it has taken to achieve compliance with such Act.
feat_title: Federal Reserve Board Civil Rights Compliance Act of 1999