A bill to amend the Federal Financing Bank Act of 1973 to require that the receipts and disbursements of the Federal Financing Bank be included in the Federal budget.

Summary

Amends the Federal Financing Bank Act of 1973 to require that receipts and disbursements of the Federal Financing Bank be included in the Federal budget. Directs such Bank to make commitments to purchase and to purchase specified obligations which are guaranteed by Federal agencies. Subjects any guarantee by a Federal agency of an obligation, except where the obligation is of a type which is not ordinarily bought and sold in the same markets as investment securities or which is issued or sold by the Bank, to the condition that if such obligation is held by any person or governmental entity, other than such agency or the Bank, such guarantee shall cease to be effective.

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

Timeline

1. 24 May 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 24 May 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 May 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

• Introduced in House

  summary · EN · 24 May 1977

  Open at official source

Sponsors

• Rep. Gibbons, Sam [D-FL-11] · D · Sponsor
• · hsba00 · Standing
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Federal Financing Bank Act of 1973 to require that the receipts and disbursements of the Federal Financing Bank be included in the Federal budget.
• related to ← A bill to amend the Federal Financing Bank Act of 1973 to require that the receipts and disbursements of the Federal Financing Bank be included in the Federal Budget.