A bill to amend the Equal Credit Opportunity Act to prescribe administrative procedures for the Board of Governors of the Federal Reserve System.

Summary

Amends the Equal Credit Opportunity Act to prescribe administrative procedures which allow interested persons and employees of the United States to participate in the legislative processes of the Board of Governors of the Federal Reserve System. Allows the Board to prescribe such rules and make such rulings to facilitate such procedures without unnecessary cost or delay. Permits judicial review of effective regulations or amendments where any person who will be adversely affected has filed a petition with the United States court of appeals for the circuit wherein such person resides at any time prior to the 60 days after such regulation or amendment is prescribed. Provides that any decision of the court of appeals will be final, subject to review by the Supreme Court of the United States.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 23 February 1976

  Open at official source

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