HRES 227
97th Congress
House
Finance and Financial Sector
Corporate finance
Corporate reorganizations
Corporations and Stocks
Credit
A resolution expressing the sense of the House of Representatives that the Board of Governors of the Federal Reserve System should take prompt action to discourage the establishment of large lines of credit which may be used by large corporations for purposes of acquiring other corporations.
Introduced: September 18, 1981
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Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 5, 1981
Referred to Subcommittee on Domestic Monetary Policy.
Sep 18, 1981
Referred to House Committee on Banking, Finance and Urban Affairs.
Sep 18, 1981
Introduced in House
Plain-English summary
Declares that it is the sense of the House of Representatives that the Board of Governors of the Federal Reserve System should take prompt and effective action to discourage, during periods of high interest rates, the establishment of large lines of credit which may be used by large corporations for purposes of acquiring other corporations.
What's happening now
Referred to Subcommittee on Domestic Monetary Policy.
Committees of jurisdiction
2
Cosponsors
1