Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · SJRES

S.J.Res. 120 (97th)

A joint resolution directing the President to assure an adequate flow of affordable credit to small borrowers.

referredUnited States· United States Congress· EN

Introduced

6 November 1981

Last action

6 November 1981 · Introduced

Status

Read second time and referred to Senate Committee on Banking.

Sponsors

Sen. Chiles, Lawton [D-FL], Sen. Sasser, Jim [D-TN], Sen. Melcher, John [D-MT], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Byrd, Robert C. [D-WV], Sen. Baucus, Max [D-MT], Sen. Biden, Joseph R., Jr. [D-DE], Sen. Boren, David L. [D-OK], Sen. Burdick, Quentin N. [D-ND], Sen. Cannon, Howard W. [D-NV], Sen. DeConcini, Dennis [D-AZ], Sen. Dodd, Christopher J. [D-CT], Sen. Eagleton, Thomas F. [D-MO], Sen. Exon, J. James [D-NE], Sen. Ford, Wendell H. [D-KY], Sen. Glenn, John H., Jr. [D-OH], Sen. Heflin, Howell [D-AL], Sen. Huddleston, Walter (Dee) [D-KY], Sen. Inouye, Daniel K. [D-HI], Sen. Jackson, Henry M. [D-WA], Sen. Johnston, J. Bennett [D-LA], Sen. Kennedy, Edward M. [D-MA], Sen. Leahy, Patrick J. [D-VT], Sen. Levin, Carl [D-MI], Sen. Matsunaga, Spark M. [D-HI], Sen. Metzenbaum, Howard M. [D-OH], Sen. Mitchell, George J. [D-ME], Sen. Nunn, Sam [D-GA], Sen. Pell, Claiborne [D-RI], Sen. Pryor, David H. [D-AR], Sen. Randolph, Jennings [D-WV], Sen. Sarbanes, Paul S. [D-MD], Sen. Williams, Harrison A., Jr. [D-NJ], Sen. Zorinsky, Edward [D-NE], Sen. Cranston, Alan [D-CA]

Subjects

Discovery layer

Source updated

14 January 2025

Official sourceView documentsShare

Summary

Directs the President in cooperation with the Board of Governors of the Federal Reserve System to exercise appropriate authorities to assure an adequate flow of credit to small borrowers at affordable prices. Directs the President to take appropriate actions to limit the large-scale diversion of credit to nonproductive uses. Directs the President in cooperation with the Board of Governors of the Federal Reserve System to take noninflationary actions necessary to reduce interest rates. Directs the President to report to Congress within 30 days concerning the effect of his actions in protecting an adequate flow of affordable credit to small borrowers and reducing excessive interest rates.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 6 November 1981

    Introduced

    Read second time and referred to Senate Committee on Banking.

    Source: IntroReferral

  2. 6 November 1981

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.