Respect for Workers Act
This bill requires at least one member of the Board of Governors of the Federal Reserve System to have experience supporting or protecting the rights of workers. This member is in charge of developing policy recommendations regarding the board's goal of maximum employment. (The board is made up of seven members that are nominated by the President and confirmed by the Senate. Members serve 14-year terms, with one term beginning every two years.)
The bill also requires the board to discuss in their semiannual report the distributional effect of monetary policy.
To reaffirm the importance of workers.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Respect for Workers Act''.

SEC. 2. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.

    The Federal Reserve Act (12 U.S.C. 221 et seq.) is amended--
            (1) in section 2B(b) (12 U.S.C. 225b(b)), by inserting 
        ``and distributional effect'' after ``conduct''; and
            (2) in section 10 (12 U.S.C. 241), in the third sentence of 
        the first undesignated paragraph, by inserting ``and at least 1 
        member with demonstrated primary experience in supporting or 
        protecting the rights of workers, who shall be the lead member 
        of the Board in charge of promoting effectively and developing 
        policy recommendations for the Board to meet the goal of 
        maximum employment described in section 2A'' before the period 
        at the end.

SEC. 3. APPLICABILITY.

    The amendment made by section 1(2) shall apply to any appointment 
to the Board of Governors of the Federal Reserve System made on or 
after the date of enactment of this Act.
                                 <all>
Respect for Workers Act
A bill to reaffirm the importance of workers.
Respect for Workers Act
Sen. Reed, Jack