WAGER Act of 2025

House Bill

H.R. 4630

119th Congress

WAGER Act of 2025

In Committee

Introduced:Aug 1, 2025

Primary Sponsor

David Scott

Representative

Democratic

GA-13

Cosponsors

0

Quick Stats

Policy Area

Finance and Financial Sector

Summary

The WAGER Act of 2025 would eliminate the position of Vice Chairman for Supervision on the Federal Reserve's Board of Governors. This role currently oversees the supervision and regulation of banks and other financial institutions. Without this position, the Fed's oversight and policymaking for the banking sector would change.

Latest Action

Referred to the House Committee on Financial Services.

AI Summary

Plain-English explanation of this bill

The WAGER Act of 2025 would eliminate the position of Vice Chairman for Supervision on the Federal Reserve's Board of Governors. This role currently oversees the supervision and regulation of banks and other financial institutions. Without this position, the Fed's oversight and policymaking for the banking sector would change.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Supervision Reform Act of 2023 This bill eliminates the designation of Vice Chairman for Supervision from the Board of Governors of the Federal Reserve System. Currently, the Vice Chairman for Supervision develops policy recommendations for depository institution holding companies and other entities and oversees the supervision and regulation of these entities.

Key Points

Main provisions of the bill

Eliminates the position of Vice Chairman for Supervision on the Federal Reserve's Board of Governors
This role currently oversees supervision and regulation of banks and other financial institutions
Without this position, the Federal Reserve's oversight and policymaking for the banking sector would change

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would primarily affect the banking and finance industry, as the Federal Reserve would no longer have a designated official responsible for supervising and regulating these sectors. This could lead to changes in how the Fed approaches financial stability, consumer protection, and other issues related to the banking system.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

4630, 119th Congress (2025). "WAGER Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-4630