United States · Bill · S
S. 1831 (100th)
Economic Stabilization and Recovery Act of 1987
Introduced
29 October 1987
Last action
—
Status
Read twice and referred to the Committee on Banking.
Sponsors
—
Subjects
Discovery layer
Source updated
28 August 2025
Summary
Economic Stabilization and Recovery Act of 1987 - Directs the Federal Reserve Board (Board) to reduce the discount rate (interest rate on loans to member banks) to five percent. Directs the Secretary of the Treasury, in conjunction with the Board's action, to make efforts to achieve a coordinated, simultaneous, multilateral interest rate reduction among the major industrialized nations known as the G-5.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 29 October 1987
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/100th-congress/senate-bill/1831
- Open data entity: https://api.congress.gov/v3/bill/100/s/1831