An act to authorize automatic transfer accounts at commercial banks, remote service units at Federal savings and loan associations, and share draft accounts at Federal credit unions during that period beginning on December 31, 1979, and ending on April 1, 1980.

Summary

Amends the Federal Reserve Act to require that detailed minutes of Federal Open Market Committee meetings be released to the general public four years after the calendar year in which they occur. Authorizes the Board of Governors of the Federal Reserve System to delete information from such minutes which concerns foreign countries, central banks of foreign countries, or international institutions in which foreign countries or foreign central banks constitute a majority of the membership. Directs the Board to: (1) note such deletions in the minutes of the meeting to which they relate; (2) review such deletions for publication 15 years after such meeting; and (3) publish such deletions no later than 30 years after such meeting. Directs the Board to publish, within six months after the enactment of this Act, all previously unreleased minutes of Open Market Committee Meetings held prior to April 1, 1976.

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

Timeline

1. 27 July 1979

   Introduced

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

   Source: IntroReferral

2. 27 July 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 July 1979

   Introduced

   Introduced in House

   Source: IntroReferral

4. 7 September 1979

   Reported

   Reported to House from the Committee on Banking, Finance and Urban Affairs, H. Rept. 96-421.

   Source: Committee

5. 7 September 1979

   Reported

   Reported to House from the Committee on Banking, Finance and Urban Affairs, H. Rept. 96-421.

   Source: Committee

6. 17 September 1979

   Passed

   Measure passed House.

   Source: Floor

7. 17 September 1979

   Passed

   Passed/agreed to in House: Measure passed House.

   Source: Floor

8. 17 September 1979

   Floor

   Measure called up under motion to suspend rules and pass in House.

   Source: Floor

9. 18 September 1979

   Introduced

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

   Source: IntroReferral

10. 20 November 1979

    Reported

    Reported to Senate from the Committee on Banking, Housing and Urban Affairs, S. Rept. 96-423.

    Source: Committee

11. 20 November 1979

    Reported

    Reported to Senate from the Committee on Banking, Housing and Urban Affairs, S. Rept. 96-423.

    Source: Committee

12. 10 December 1979

    Floor

    Call of calendar in Senate.

    Source: Floor

13. 10 December 1979

    Passed

    Passed/agreed to in Senate: Measure passed Senate, amended.

    Source: Floor

14. 17 December 1979

    Passed

    House agreed to Senate amendments with amendments (Pursuant to H. Res. 508).

    Source: ResolvingDifferences

15. 17 December 1979

    Passed

    Resolving differences -- House actions: House agreed to Senate amendments with amendments (Pursuant to H. Res. 508).

    Source: NotUsed

16. 18 December 1979

    Passed

    Senate agreed to House amendment with an amendment.

    Source: ResolvingDifferences

17. 18 December 1979

    Passed

    Resolving differences -- Senate actions: Senate agreed to House amendment with an amendment.

    Source: NotUsed

18. 19 December 1979

    Passed

    Resolving differences -- Senate actions: Senate agreed to House amendment.

    Source: NotUsed

19. 19 December 1979

    Passed

    House agreed to Senate amendment with amendments.

    Source: ResolvingDifferences

20. 19 December 1979

    Passed

    Resolving differences -- House actions: House agreed to Senate amendment with amendments.

    Source: NotUsed

21. 19 December 1979

    Passed

    Senate agreed to House amendment.

    Source: ResolvingDifferences

22. 21 December 1979

    President

    Measure enrolled in House.

    Source: President

23. 24 December 1979

    Floor

    Measure presented to President.

    Source: Floor

24. 24 December 1979

    President

    Measure presented to President.

    Source: President

25. 24 December 1979

    President

    Measure enrolled in Senate.

    Source: President

26. 28 December 1979

    President

    Public Law 96-161.

    Source: President

27. 28 December 1979

    President

    Signed by President.

    Source: President

28. 28 December 1979

    Became law

    Signed by President.

    Source: BecameLaw

Votes

No vote records are attached yet.

Versions

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

Documents

6 official files

• Public Law (PDF)

  Public Law · EN · 29 December 1979

  ViewDownloadOpen at official source

• House agreed to Senate amendment with amendment, 2nd occurrence

  summary · EN · 19 December 1979

  Open at official source

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• Senate agreed to House amendment with amendment

  summary · EN · 18 December 1979

  Open at official source

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• House agreed to Senate amendment with amendment

  summary · EN · 17 December 1979

  Open at official source

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• Passed Senate amended

  summary · EN · 10 December 1979

  Open at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 27 July 1979

  Open at official source

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  Vertaal document

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Sponsors

• Rep. Mitchell, Parren J. [D-MD-7] · D · Sponsor
• Rep. D'Amours, Norman E. [D-NH-1] · D · Cosponsor
• Rep. Barnard, Doug, Jr. [D-GA-10] · D · Cosponsor
• Rep. Mattox, James A. [D-TX-5] · D · Cosponsor
• Rep. Cavanaugh, John J. [D-NE-2] · D · Cosponsor
• Rep. Neal, Stephen L. [D-NC-5] · D · Cosponsor
• Rep. Hansen, George V. [R-ID-2] · R · Cosponsor
• Rep. Paul, Ron [R-TX-14] · R · Cosponsor
• · ssbk00 · Standing
• · hsba00 · Standing

Related records

• related to → A resolution providing for agreeing, with amendments, to the Senate amendments to H.R. 4998, to amend the Federal Reserve Act to require that detailed minutes of Federal Open Market Committee meetings shall be published on a deferred basis.
• related to ← A bill to amend the Federal Reserve Act to require that detailed minutes of Federal Open Market Committee meetings shall be published on a deferred basis.

Related across the Repo ecosystem

Direct relationships are identifier-backed. Topic context means shared TopicMembership — not a citation and not causation.