Louis T. McFadden | |
|---|---|
 McFadden c. 1910–25 | |
| Chairman of the Committee on Banking and Currency | |
| In office June 7, 1920 – March 4, 1931 | |
| Preceded by | Edmund Platt |
| Succeeded by | Henry B. Steagall |
| Member of the U.S. House of Representatives from Pennsylvania | |
| In office March 4, 1915 – January 3, 1935 | |
| Preceded by | William D.B. Ainey |
| Succeeded by | Charles E. Dietrich |
| Constituency | 14th district (1915–23) 15th district (1923–35) |
| Personal details | |
| Born | July 25, 1876 Bradford County, Pennsylvania, U.S. |
| Died | October 1, 1936 (aged 60) New York City, New York, U.S. |
| Political party | Republican |
Louis Thomas McFadden (July 25, 1876 – October 1, 1936) was a Republican member of the United States House of Representatives from Pennsylvania, serving from 1915 to 1935. A banker by trade, he was the chief sponsor of the 1927 McFadden Act, which rechartered the Federal Reserve System in perpetuity, liberalized branch banking for national banks and increased competition between member and non-member banks.[1]
- ^ Richardson, Gary. "McFadden Act of 1927". Federal Reserve History. Retrieved 2022-03-13.