Providing for the appointment of Franklin D. Raines as a citizen regent of the Board of Regents of the Smithsonian Institution.
Summary
H.J.Res. 88 is a ceremonial joint resolution appointing Franklin D. Raines as a citizen regent of the Smithsonian Institution's Board of Regents. It was signed into law on October 2, 2020, and carries no financial market impact.
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Key Takeaways
- 1.This bill has zero financial market impact.
- 2.It is a ceremonial appointment to the Smithsonian Board of Regents.
- 3.No public companies, sectors, or funding are involved.
Market Implications
None. This is a non-market event.
Full Analysis
This joint resolution, introduced by Rep. Matsui (D-CA), fills a vacancy on the Smithsonian Board of Regents by appointing Franklin D. Raines for a six-year term. The bill passed both chambers by unanimous consent and was signed by the President on October 2, 2020. There is no funding authorization or appropriation involved; the resolution is purely administrative. No public companies or market sectors are affected. The legislative process was straightforward: introduced May 5, 2020, discharged from committee and passed the House on August 22, passed the Senate on September 10, and enacted October 2. No further legislative steps remain.
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