A bill to amend the Federal Reserve Act to prohibit any officer or employee of the United States from purchasing the currency of certain foreign governments.

referredUnited States· United States Congress· EN

Introduced

7 January 1987

Last action

—

Status

Referred to Subcommittee on International Finance, Trade and Monetary Policy.

Summary

Amends the Federal Reserve Act to prohibit any officer or employee of the United States, in an official capacity, from purchasing the currency of any foreign country unless, on the date of the proposed purchase, such currency is used to determine the value of special drawing rights established under the International Monetary Fund.

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 7 January 1987
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/house-bill/475
Open data entity: https://api.congress.gov/v3/bill/100/hr/475