United States · Bill · S
S. 2347 (94th)
A bill to regulate standby letters of credit, guaranties, surety agreements, and certain acceptances issued by commercial banks.
Introduced
16 September 1975
Last action
—
Status
Referred to Senate Committee on Banking, Housing and Urban Affairs.
Sponsors
—
Subjects
Discovery layer
Source updated
14 January 2025
Summary
Prohibits commercial banks from incurring liabilities in excess of their paid-in capital stock plus 50 percent of the amount of their unimpaired surplus fund. Defines the liability of any person to a bank with respect to a time draft drawn by such person and accepted by such bank.
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 16 September 1975
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/2347
- Open data entity: https://api.congress.gov/v3/bill/94/s/2347