SCONRES 17
99th Congress
Senate
Finance and Financial Sector
Agricultural credit
Agriculture and Rural Affairs
Bank failures
Credit
Federal Reserve System
Interest
Interest rates
A concurrent resolution relating to discount interest rates for distressed agricultural lenders.
Introduced: February 20, 1985
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 20, 1985
Read twice and referred to the Committee on Banking.
Feb 20, 1985
Introduced in Senate
Plain-English summary
Expresses the sense of the Congress that the Federal Reserve Board, in cooperation with the Federal Deposit Insurance Corporation, should provide $3.5 billion in direct credit to distressed agricultural lenders at discount window interest rates under the procedures used in the Continental Illinois Bank package so as to avoid adding to the budget deficit.
What's happening now
Read twice and referred to the Committee on Banking.
Committees of jurisdiction
1
Cosponsors
1