Legislative Branch Appropriations Act, 2026

Senate Bill

S. 2257

119th Congress

Legislative Branch Appropriations Act, 2026

Placed on Senate Legislative Calendar under General Orders. Calendar No. 113.

Introduced:Jul 10, 2025

Primary Sponsor

Markwayne Mullin

Senator

Republican

OK

Cosponsors

10

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill would require the Federal Reserve, the central banking system of the United States, to work towards eliminating racial and ethnic disparities in areas like employment, income, wealth, and access to affordable credit. The Federal Reserve would have to report on these disparities and its plans to address them.

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

SponsorMarkwayne Mullin (R-OK)

Introduced7/10/2025

StatusPlaced on Senate Legislative Calendar under General Orders. Calendar No. 113.

ChamberSenate

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Vote Prediction

Legislative Branch Appropriations Act, 2026

This bill would require the Federal Reserve, the central banking system of the United States, to work towards eliminating racial and ethnic disparities in areas like employment, income, wealth, and access to affordable credit. The Federal Reserve would have to

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This bill would require the Federal Reserve, the central banking system of the United States, to work towards eliminating racial and ethnic disparities in areas like employment, income, wealth, and access to affordable credit. The Federal Reserve would have to report on these disparities and its plans to address them.

Bill Number: 2257
Sponsor: Markwayne Mullin (R-OK)
Introduced: 7/10/2025
Status: Placed on Senate Legislative Calendar under General Orders. Calendar No. 113.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Legislative Branch Appropriations Act, 2026
Bill Number: 2257
Sponsor: Markwayne Mullin (R-OK)
Status: Placed on Senate Legislative Calendar under General Orders. Calendar No. 113.
Introduced: 7/10/2025
Summary: This bill would require the Federal Reserve, the central banking system of the United States, to work towards eliminating racial and ethnic disparities in areas like employment, income, wealth, and access to affordable credit. The Federal Reserve would have to report on these disparities and its pla

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would require the Federal Reserve, the central banking system of the United States, to work towards eliminating racial and ethnic disparities in areas like employment, income, wealth, and access to affordable credit. The Federal Reserve would have to report on these disparities and its 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

The bill mandates that the Federal Reserve must carry out its duties in a way that supports eliminating racial and ethnic disparities in employment, income, wealth, and access to affordable credit.
The Federal Reserve would be required to report on disparities in labor force trends and its plans and activities to minimize and eliminate these disparities.
The goal is to promote more equitable economic outcomes for people of different races and ethnicities.

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it could lead to the Federal Reserve taking more concrete steps to address racial and ethnic inequalities in the economy. This could result in policy changes that improve job opportunities, incomes, wealth-building, and access to credit for communities of color. The real-world impact would be felt by millions of Americans who have faced systemic barriers to economic advancement based on their race or ethnicity.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2257, 119th Congress (2025). "Legislative Branch Appropriations Act, 2026". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2257

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