Limiting Liability for Critical Infrastructure Manufacturers Act

House Bill

H.R. 4194

119th Congress

Limiting Liability for Critical Infrastructure Manufacturers Act

In Committee

Introduced:Jun 26, 2025

Primary Sponsor

Darrell Issa

Representative

Republican

CA-48

Cosponsors

0

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill requires the Federal Reserve to work towards eliminating racial and ethnic disparities in areas like employment, income, wealth, and access to credit. The Federal Reserve would have to report on these disparities and outline their plans to address them.

Latest Action

Referred to the House Committee on Financial Services.

SponsorDarrell Issa (R-CA)

Introduced6/26/2025

StatusReferred to the House Committee on the Judiciary.

ChamberHouse

Data from Congress.gov

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Vote Prediction

Limiting Liability for Critical Infrastructure Manufacturers Act

This bill requires the Federal Reserve to work towards eliminating racial and ethnic disparities in areas like employment, income, wealth, and access to credit. The Federal Reserve would have to report on these disparities and outline their plans to address th

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill requires the Federal Reserve to work towards eliminating racial and ethnic disparities in areas like employment, income, wealth, and access to credit. The Federal Reserve would have to report on these disparities and outline their plans to address them.

Bill Number: 4194
Sponsor: Darrell Issa (R-CA)
Introduced: 6/26/2025
Status: Referred to the House Committee on the Judiciary.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Limiting Liability for Critical Infrastructure Manufacturers Act
Bill Number: 4194
Sponsor: Darrell Issa (R-CA)
Status: Referred to the House Committee on the Judiciary.
Introduced: 6/26/2025
Summary: This bill requires the Federal Reserve to work towards eliminating racial and ethnic disparities in areas like employment, income, wealth, and access to credit. The Federal Reserve would have to report on these disparities and outline their plans to address them.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill requires the Federal Reserve to work towards eliminating racial and ethnic disparities in areas like employment, income, wealth, and access to credit. The Federal Reserve would have to report on these disparities and outline their plans to address them.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Federal Reserve Racial and Economic Equity Act This bill requires the Federal Reserve Board to carry out its duties in a manner that supports the elimination of racial and ethnic disparities in employment, income, wealth, and access to affordable credit. The board must report on disparities in labor force trends as well as on plans and activities of the board to minimize and eliminate these disparities.

Key Points

Main provisions of the bill

Requires the Federal Reserve to support the elimination of racial and ethnic disparities in employment, income, wealth, and access to affordable credit
Mandates the Federal Reserve to report on disparities in labor force trends and the board's plans to minimize and eliminate these disparities
Aims to promote more equitable economic outcomes across different racial and ethnic groups

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would impact the Federal Reserve's priorities and policies. The Federal Reserve would need to closely examine and address racial and ethnic inequalities in key economic areas. This could lead to changes that benefit communities of color and promote more inclusive economic growth and opportunity.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

4194, 119th Congress (2025). "Limiting Liability for Critical Infrastructure Manufacturers Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-4194