United States · Bill · S
S. 3671 (94th)
A bill to amend section 14(b) of the Federal Reserve Act, as amended, to extend for five years the authority of Federal Reserve banks to purchase U.S. obligations directly from the Treasury.
Introduced
20 July 1976
Last action
—
Status
Referred to Senate Committee on Banking, Housing and Urban Affairs.
Sponsors
—
Subjects
Discovery layer
Source updated
14 January 2025
Summary
Amends the Federal Reserve Act to extend for five years, from October 31, 1976, to October 31, 1981, the temporary authority under which Federal Reserve banks may purchase public debt obligations from the Treasury in an amount not to exceed $5,000,000,000 outstanding at any one time.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 20 July 1976
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/3671
- Open data entity: https://api.congress.gov/v3/bill/94/s/3671