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United States · Law · HR

H.R. 12426 (95th)

New York City Loan Guarantee Act of 1978

openUnited States· United States Congress· EN

Introduced

27 April 1978

Last action

8 August 1978 · President

Status

Public Law 95-339.

Sponsors

Rep. Moorhead, William S. [D-PA-14], Rep. Ashley, Thomas L. [D-OH-9], Rep. Barnard, Doug, Jr. [D-GA-10], Rep. Caputo, Bruce F. [R-NY-23], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Garcia, Robert [D-NY-18], Rep. Green, S. William [R-NY-15], Rep. LaFalce, John J. [D-NY-29], Rep. Lundine, Stanley N. [D-NY-34], Rep. McKinney, Stewart B. [R-CT-4], Rep. Pattison, Edward W. [D-NY-29], Rep. Reuss, Henry S. [D-WI-5], Rep. Vento, Bruce F. [D-MN-4]

Subjects

Discovery layer

Source updated

14 January 2025

Summary

New York City Financial Assistance Act - Title I: Emergency Assistance - Authorizes the Secretary of the Treasury to guarantee, under stated conditions, obligations of the City of New York or of its financing agent. Limits the total amount of guarantees that may be outstanding at any time to $2,000,000,000. Title II: Amendments to the Internal Revenue Code of 1954 - Makes interest income received on any obligation guaranteed under Title I of this Act after the date of the enactment of this title taxable under the Internal Revenue Code of 1954.

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

Timeline

  1. 27 April 1978

    Introduced

    Referred to House Committee on Banking, Finance and Urban Affairs.

    Source: IntroReferral

  2. 27 April 1978

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 27 April 1978

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 10 May 1978

    Reported

    Reported to House from the Committee on Banking, Finance and Urban Affairs, H. Rept. 95-1129 (Part I).

    Source: Committee

  5. 10 May 1978

    Reported

    Reported to House from the Committee on Banking, Finance and Urban Affairs, H. Rept. 95-1129 (Part I).

    Source: Committee

  6. 22 May 1978

    Reported

    Reported to House from the Committee on Ways and Means with amendment, H. Rept. 95-1129 (Part II).

    Source: Committee

  7. 22 May 1978

    Reported

    Reported to House from the Committee on Ways and Means with amendment, H. Rept. 95-1129 (Part II).

    Source: Committee

  8. 7 June 1978

    Floor

    Measure called up by special rule in House.

    Source: Floor

  9. 8 June 1978

    Vote

    Measure passed House, amended, roll call #432 (247-155).

    Source: Floor

  10. 8 June 1978

    Vote

    Passed/agreed to in House: Measure passed House, amended, roll call #432 (247-155).

    Source: Floor

  11. 8 June 1978

    Floor

    Measure considered in House.

    Source: Floor

  12. 9 June 1978

    Introduced

    Referred to Senate Committee on Banking, Housing and Urban Affairs.

    Source: IntroReferral

  13. 23 June 1978

    Reported

    Reported to Senate from the Committee on Banking, Housing and Urban Affairs with amendment, S. Rept. 95-952.

    Source: Committee

  14. 23 June 1978

    Reported

    Reported to Senate from the Committee on Banking, Housing and Urban Affairs with amendment, S. Rept. 95-952.

    Source: Committee

  15. 28 June 1978

    Floor

    Measure called up by unanimous consent in Senate.

    Source: Floor

  16. 29 June 1978

    ResolvingDifferences

    Conference scheduled in Senate.

    Source: ResolvingDifferences

  17. 29 June 1978

    Floor

    Measure considered in Senate.

    Source: Floor

  18. 29 June 1978

    Vote

    Passed/agreed to in Senate: Measure passed Senate, amended, roll call #197 (53-27).

    Source: Floor

  19. 10 July 1978

    ResolvingDifferences

    Conference scheduled in House.

    Source: ResolvingDifferences

  20. 18 July 1978

    ResolvingDifferences

    Conference report filed in House, H. Rept. 95-1369.

    Source: ResolvingDifferences

  21. 18 July 1978

    ResolvingDifferences

    Conference report filed: Conference report filed in House, H. Rept. 95-1369.

    Source: ResolvingDifferences

  22. 25 July 1978

    Vote

    House agreed to conference report, roll call #595 (244-157).

    Source: ResolvingDifferences

  23. 25 July 1978

    Vote

    Conference report agreed to in House: House agreed to conference report, roll call #595 (244-157).

    Source: ResolvingDifferences

  24. 27 July 1978

    Vote

    Senate agreed to conference report, roll call #258 (58-35).

    Source: ResolvingDifferences

  25. 27 July 1978

    Vote

    Conference report agreed to in Senate: Senate agreed to conference report, roll call #258 (58-35).

    Source: ResolvingDifferences

  26. 28 July 1978

    Floor

    Measure presented to President.

    Source: Floor

  27. 28 July 1978

    President

    Measure presented to President.

    Source: President

  28. 28 July 1978

    President

    Measure enrolled in Senate.

    Source: President

  29. 28 July 1978

    President

    Measure enrolled in House.

    Source: President

  30. 8 August 1978

    President

    Public Law 95-339.

    Source: President

  31. 8 August 1978

    Became law

    Signed by President.

    Source: BecameLaw

  32. 8 August 1978

    President

    Signed by President.

    Source: President

Votes

· Official source

Yes 0 · No 0 · Abstain — · Absent/not voting 0

    · Official source

    Yes 0 · No 0 · Abstain — · Absent/not voting 0

      Versions

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

      Documents

      3 official files

      Public Law (PDF)

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      • Public Law (PDF)

        Public Law · EN · 9 August 1978

        ViewDownloadOpen at official source

      • Conference report filed in House

        summary · EN · 18 July 1978

        Open at official source

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      • Introduced in House

        summary · EN · 27 April 1978

        Open at official source

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