United States · Bill · S
S. 3510 (110th)
A bill to prohibit the Board of Governors of the Federal Reserve System from making funds available at a discount rate to private individuals, partnerships, and corporations.
Introduced
17 September 2008
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S8954)
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
Summary
Amends the Federal Reserve Act to repeal the authority of the Board of Governors of the Federal Reserve System, in unusual and exigent circumstances, to discount federal reserve bank-indorsed or -secured notes, drafts, and bills of exchange for private individuals, partnerships, or corporations unable to secure adequate credit accommodations from other banking institutions.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 17 September 2008
Introduced in Senate (PDF)
Introduced in Senate · EN · 17 September 2008
Introduced in Senate
summary · EN · 17 September 2008
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/110th-congress/senate-bill/3510
- Open data entity: https://api.congress.gov/v3/bill/110/s/3510