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HRES 228 97th Congress House

A resolution calling on the Governors of the Federal Reserve System to encourage banks to make loans available for productive uses while eliminating loans for speculative and unproductive uses.

Introduced: October 7, 1981 See on congress.gov
Finance and Financial Sector Business cyclesCreditEconomics and Public FinanceFederal Reserve SystemInflation
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This resolution expired with the 97th Congress
It was not agreed to before the 97th Congress (1981–1982) adjourned, so it is no longer active. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Agreed to (House)
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
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 Latest action November 5, 1981

Referred to Subcommittee on Domestic Monetary Policy.

 Plain-English summary Congressional Research Service

Directs the Board of Governors of the Federal Reserve System to undertake an aggressive campaign designed to encourage banks to: (1) cease providing loans or lines of credit for unproductive and speculative purposes, while increasing the supply of credit available for productive uses; and (2) ensure that thrift institutions, the housing industry, auto dealers, small businesses, farmers, and home buyers have access to the cheapest possible credit in order to avoid a recession.

 Related & companion bills 2
  • HRES 238 Identical bill A resolution calling on the Governors of the Federal Reserve System to encourage banks to make loans available for prod…
  • SRES 211 Identical bill A resolution calling on the Governors of the Federal Reserve System to encourage banks to make loans available for prod…
 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 1 Republican 1
D
Wyden, Ron
Oregon · Oct 27, 1981
FROST, MARTIN
· Oct 7, 1981
 R
Rogers, Harold
Kentucky · Oct 7, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). H. Res. 228: A resolution calling on the Governors of the Federal Reserve System to encourage banks to make loans available for productive uses while eliminating loans for speculative and unproductive uses.. 97th Congress. Open America. https://openamerica.io/bill/97-HRES-228/
MLA
"H. Res. 228: A resolution calling on the Governors of the Federal Reserve System to encourage banks to make loans available for productive uses while eliminating loans for speculative and unproductive uses.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HRES-228/.
Bluebook (legal)
H. Res. 228, 97th Cong. (2026), https://openamerica.io/bill/97-HRES-228/.
Markdown link
[H. Res. 228: A resolution calling on the Governors of the Federal Reserve System to encourage banks to make loans available for productive uses while eliminating loans for speculative and unproductive uses.](https://openamerica.io/bill/97-HRES-228/)
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