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United States · Bill · HR

H.R. 1916 (97th)

Financial Industry Equity Act

openUnited States· United States Congress· EN

Introduced

18 February 1981

Last action

Status

Subcommittee Hearings Held.

Sponsors

Subjects

Discovery layer

Source updated

29 August 2025

Summary

Financial Industry Equity Act - Amends the Federal Reserve Act to authorize the Board of Governors of the Federal Reserve System to impose reserve requirements on the assets of open-end investment companies, on the deposits in transaction accounts held by persons other than depository institutions who offer transaction accounts, and on similar financial instruments. States that such reserves shall be in such form as the Board shall prescribe.

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Documents

1 official file

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Sources

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