HR 4359
105th Congress
House
Finance and Financial Sector
Agricultural credit
Agriculture and Food
Bank loans
Bank notes
Economics and Public Finance
Federal Reserve System
Housing and Community Development
Mortgage loans
Surety and fidelity
To amend the Federal Reserve Act to broaden the range of discount window loans which may be used as collateral for Federal reserve notes.
Introduced: July 30, 1998
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 30, 1998
Referred to the House Committee on Banking and Financial Services.
Jul 30, 1998
Introduced in House
Plain-English summary
Amends the Federal Reserve Act to expand the types of collateral security which may be required in a Federal Reserve bank application for Federal Reserve notes to include: (1) acceptances acquired under provisions for emergency advances to member banks; (2) receipts of deposits and collections; and (3) discounts of agricultural paper.
What's happening now
Referred to the House Committee on Banking and Financial Services.
Committees of jurisdiction
1
Cosponsors
1