A bill to amend the Federal Financing Bank Act of 1973 with respect to the budget treatment of the Federal Financing Bank.

Summary

Amends the Federal Financing Bank Act of 1973 to require amounts of loans guaranteed by a Federal agency which are financed by the Federal Financing Bank to be included in the unified budget as outlays of such agency. Treats all receipts and disbursements of the Bank with respect to any obligation which is issued, sold, or guaranteed by a Federal agency as a means of financing such agency for the purposes of the unified budget. Declares that in the case of any off-budget agency, the unified budget shall include for such agency its receipts from, and disbursements to, the bank. Prohibits a Federal agency (other than the Department of the Treasury) from issuing, selling, or guaranteeing any investment security obligations unless such obligation is offered for sale to the Bank. Requires the Bank to purchase any such investment security offered. Exempts any investment security obligation from such requirements if: (1) it is issued, sold, or guaranteed under a program under which investment security obligations were issued, sold, or guaranteed during FY 1982; and (2) at least 20 percent of the financing for such program during such year was through the Bank.

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

Timeline

1. 18 November 1983

   Introduced

   Introduced in House

   Source: IntroReferral

2. 18 November 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 November 1983

   Introduced

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

   Source: IntroReferral

4. 15 December 1983

   Referred

   Referred to Subcommittee on Economic Stabilization.

   Source: Committee

5. 4 April 1984

   Committee

   Committee Hearings Held.

   Source: Committee

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 · 18 November 1983

  Open at official source

Sponsors

• Rep. LaFalce, John J. [D-NY-36] · D · Sponsor
• · hswm00 · Standing
• · hsba00 · Standing

Related records

• related to → A bill to amend the Federal Financing Bank Act of 1973 with respect to the budget treatment of the Federal Financing Bank.