United States · Bill · HR
H.R. 14848 (94th)
A bill to amend section 14 (b) of the Federal Reserve Act, as amended, to extend for 5 years the authority of Federal Reserve banks to purchase U.S. obligations directly from the Treasury.
Introduced
26 July 1976
Last action
—
Status
Referred to House Committee on Banking, Currency and Housing.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Amends the Federal Reserve Act to extend from October 31, 1976, to October 31, 1978, the temporary authority under which the Federal Reserve banks may purchase public debt obligations from the Treasury in an amount not to exceed $5,000,000,000 outstanding at any one time.
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 26 July 1976
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/house-bill/14848
- Open data entity: https://api.congress.gov/v3/bill/94/hr/14848