HR 3261
104th Congress
House
Finance and Financial Sector
Bank reserves
Commerce
Economics and Public Finance
Federal Reserve System
Financing Corporation
Government Operations and Politics
Government corporations
Government securities
Interest
Savings and loan associations
Federal Reserve Surplus Act of 1996
Introduced: April 17, 1996
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 3, 1996
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Apr 17, 1996
Referred to the House Committee on Banking and Financial Services. subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 17, 1996
Introduced in House
Plain-English summary
Federal Reserve Surplus Act of 1996 - Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System to transfer annually to the Financing Corporation specified amounts from surplus funds of the Federal reserve banks in order to cover the interest on obligations issued by the Financing Corporation.
What's happening now
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Committees of jurisdiction
2
Cosponsors
1