A bill to expand the class of collateral eligible for use as security for Federal Reserve notes.

Summary

Amends the Federal Reserve Act to expand the class of collateral eligible for use as security for Federal Reserve notes to include any obligations which are direct obligations of, or are fully guaranteed as to principal and interest by, the United States or any agency thereof.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 9 May 1978

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 9 May 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 May 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 9 May 1978

  Open at official source

Sponsors

• Rep. Mitchell, Parren J. [D-MD-7] · D · Sponsor
• · hsba00 · Standing

Related records

• related to ← A bill to expand the class of collateral eligible for use as security for Federal Reserve notes.