HRES 228
97th Congress
House
Finance and Financial Sector
Business cycles
Credit
Economics and Public Finance
Federal Reserve System
Inflation
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: September 18, 1981
See on congress.gov
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
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.
What's happening now
Referred to Subcommittee on Domestic Monetary Policy.
Committees of jurisdiction
2