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United States · Bill · HR

H.R. 3930 (95th)

A bill to authorize the Secretary of the Treasury to invest public monies.

referredUnited States· United States Congress· EN

Introduced

23 February 1977

Last action

23 February 1977 · Introduced

Status

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

Sponsors

Rep. Mitchell, Parren J. [D-MD-7], Rep. Harrington, Michael J. [D-MA-6], Rep. Holtzman, Elizabeth [D-NY-16], Rep. Jacobs, Andrew, Jr. [D-IN-10], Rep. Jordan, Barbara [D-TX-18], Rep. LaFalce, John J. [D-NY-29], Rep. Leggett, Robert L. [D-CA-4], Rep. Metcalfe, Ralph H. [D-IL-1], Rep. Minish, Joseph G. [D-NJ-11], Rep. Moss, John E. [D-CA-3], Rep. Mottl, Ronald M. [D-OH-23], Rep. Neal, Stephen L. [D-NC-5], Rep. Nolan, Richard M. [D-MN-8], Rep. Reuss, Henry S. [D-WI-5], Rep. Rodino, Peter W., Jr. [D-NJ-10], Rep. Seiberling, John F. [D-OH-14], Sen. Tsongas, Paul E. [D-MA], Rep. Traxler, Bob [D-MI-8], Rep. Van Deerlin, Lionel [D-CA-42], Rep. Wilson, Charles H. [D-CA-31], Sen. Wirth, Timothy [D-CO], Rep. Wolff, Lester L. [D-NY-6], Del. Won Pat, Antonio B. [D-GU-At Large], Rep. Hansen, George V. [R-ID-2], Rep. Hollenbeck, Harold C. [R-NJ-9]

Subjects

Discovery layer

Source updated

1 August 2024

Official sourceView documentsShare

Summary

Authorizes the Secretary of the Treasury, for cash management purposes, to invest any portion of the Treasury's operating cash for periods of up to 90 days in (1) obligations of depositories maintaining Treasury tax and loan accounts secured by a pledge of collateral acceptable to the Secretary as security for tax and loan accounts, and (2) obligations of the United States and of agencies of the United States. Amends the Home Owners' Loan Act to authorize the Secretary of the Treasury to deposit public money in any federal savings and loan association or member of a federal home loan bank. Amends the National Housing Act to make institutions insured by the Federal Savings and Loan Insurance Corporation depositories of public money. Amends the Internal Revenue Code to define qualified savings and loan associations which may receive tax payments.

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

Timeline

  1. 23 February 1977

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 23 February 1977

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 23 February 1977

    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

Leesvertaling

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Sponsors

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Sources

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