United States · Bill · HR
H.R. 1013 (98th)
A bill to effectuate the congressional directive that accounts established under section 327 of the Garn-St Germain Depository Institutions Act of 1982 be directly equivalent and competitive with money market mutual funds.
Introduced
27 January 1983
Last action
—
Status
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Sponsors
—
Subjects
Discovery layer
Source updated
6 February 2024
Summary
Amends the Federal Reserve Act to permit the payment of interest on reserves held by any bank, savings and loan association, credit union, or mutual savings bank against accounts which are equivalent to and competitive with money market mutual funds under the Garn-St Germain Depository Institutions Act of 1982.
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 27 January 1983
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/98th-congress/house-bill/1013
- Open data entity: https://api.congress.gov/v3/bill/98/hr/1013