United States · Bill · HR
H.R. 4947 (97th)
State and Local Government Cash Management Act of 1981
Introduced
12 November 1981
Last action
—
Status
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
Summary
State and Local Government Cash Management Act of 1981 - Amends the Federal Reserve Act to provide that demand deposits of State and local governments shall not be subject to reserve requirements. Amends the Depository Institutions Deregulation and Monetary Control Act to direct the Deregulation Committee to increase the limitation on the maximum rate of interest which may be paid on any demand deposits by State and local governments so that the maximum rate applicable to all such deposits is the same or is determined in the same manner.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
No timeline events have been ingested for this record yet.
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 · 12 November 1981
Sponsors
No sponsors or actors listed by the source.
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/97th-congress/house-bill/4947
- Open data entity: https://api.congress.gov/v3/bill/97/hr/4947