A bill to reduce interest rates, control inflation, ensure the availability of credit for productive purposes, and promote economic recovery by extending the Credit Control Act.

openUnited States· United States Congress· EN

Introduced

20 April 1982

Last action

19 August 1982 · Reported

Status

Placed on Union Calendar No: 471.

Sponsors

Rep. St Germain, Fernand J. [D-RI-1], Rep. Weiss, Ted [D-NY-17], Del. Won Pat, Antonio B. [D-GU-At Large], Rep. Benjamin, Adam, Jr. [D-IN-1], Rep. D'Amours, Norman E. [D-NH-1], Rep. Reuss, Henry S. [D-WI-5], Rep. Perkins, Carl Dewey [D-KY-7], Rep. Dingell, John D. [D-MI-16], Rep. Brodhead, William [D-MI-17], Rep. Ford, William D. [D-MI-15], Rep. Minish, Joseph G. [D-NJ-11], Rep. Collins, Cardiss [D-IL-7], Rep. Crockett, George W., Jr. [D-MI-13], Rep. Dixon, Julian C. [D-CA-28], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Garcia, Robert [D-NY-18], Rep. Leland, Mickey [D-TX-18], Rep. Mitchell, Parren J. [D-MD-7], Rep. Rangel, Charles B. [D-NY-19], Rep. Stokes, Louis [D-OH-21], Rep. Washington, Harold [D-IL-1], Rep. Stark, Fortney Pete [D-CA-9], Rep. Clay, William (Bill) [D-MO-1], Rep. Annunzio, Frank [D-IL-11], Rep. Rahall, Nick J., II [D-WV-4], JOHN CONYERS, Rep. McKinney, Stewart B. [R-CT-4], Sen. Daschle, Thomas A. [D-SD], Rep. Roe, Robert A. [D-NJ-8], Rep. Frank, Barney [D-MA-4], Rep. Jeffords, James M. [R-VT-At Large], Rep. Nowak, Henry [D-NY-37], Rep. Hubbard, Carroll, Jr. [D-KY-1], Rep. Edwards, Don [D-CA-10], Rep. Glickman, Dan [D-KS-4], Rep. Vento, Bruce F. [D-MN-4], Rep. Ratchford, William R. [D-CT-5], Rep. Miller, George [D-CA-7], Rep. Albosta, Donald J. [D-MI-10], Rep. Lehman, William [D-FL-13], Rep. Fascell, Dante B. [D-FL-15], Rep. Dorgan, Byron L. [D-ND-At Large], Rep. Wolpe, Howard E. [D-MI-3], Rep. Patterson, Jerry M. [D-CA-38], Rep. Lowry, Mike [D-WA-7], Rep. Sabo, Martin Olav [D-MN-5], Rep. Oakar, Mary Rose [D-OH-20], Rep. Bedell, Berkley W. [D-IA-6]

Subjects

Discovery layer

Source updated

6 February 2024

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Summary

Amends the Credit Control Act to repeal the provision of such Act which would terminate credit control authority on June 30, 1982. Permits the President to authorize the Board of Governors of the Federal Reserve System to regulate and control any or all extensions of credit whenever necessary or appropriate to reduce high levels of unemployment in any sector of the economy, or to prevent or control inflation or recession. Permits the Board, after receiving such Presidential authorization, to prescribe limitations with respect to credit for nonproductive purposes.

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

Timeline

20 April 1982
Introduced
Introduced in House
Source: IntroReferral
20 April 1982
Introduced
Referred to House Committee on Banking, Finance and Urban Affairs.
Source: IntroReferral
20 April 1982
Introduced
Introduced in House
Source: IntroReferral
3 May 1982
Referred
Referred to Subcommittee on Consumer Affairs and Coinage.
Source: Committee
14 July 1982
Committee
Subcommittee Hearings Held.
Source: Committee
15 July 1982
Committee
Subcommittee Hearings Held.
Source: Committee
16 July 1982
Committee
Subcommittee Hearings Held.
Source: Committee
20 July 1982
Committee
Forwarded by Subcommittee to Full Committee.
Source: Committee
20 July 1982
Committee
Subcommittee Consideration and Mark-up Session Held.
Source: Committee
10 August 1982
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
11 August 1982
Reported
Ordered to be Reported (Amended).
Source: Committee
11 August 1982
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
19 August 1982
Reported
Reported to House (Amended) by House Committee on Banking, Finance and Urban Affairs. Report No: 97-774.
Source: Committee
19 August 1982
Calendars
Placed on Union Calendar No: 471.
Source: Calendars
19 August 1982
Reported
Reported to House (Amended) by House Committee on Banking, Finance and Urban Affairs. Report No: 97-774.
Source: Committee

Votes

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Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

Reported to House with amendment(s)
summary · EN · 19 August 1982
Open at official source
Introduced in House
summary · EN · 20 April 1982
Open at official 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/6124
Open data entity: https://api.congress.gov/v3/bill/97/hr/6124
us · 97-hr-6124 · source updated 6 February 2024