Concurrent resolution requesting the President to use his powers under the Credit Control Act to control inflation and allocate credit.

Summary

Directs the President to authorize the Federal Reserve Board to channel extensions of credit toward essential and productive capital investment, low-and middle-income housing, State and local governments, and small business, and away from loans for speculation in real estate and commodities, to finance anticompetitive acquisitions, and for other inflationary purposes.

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

Timeline

1. 14 January 1975

   Introduced

   Introduced in House

   Source: IntroReferral

2. 14 January 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 January 1975

   Introduced

   Referred to House Committee on Banking, Currency and Housing.

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 14 January 1975

  Open at official source

Sponsors

• Rep. Sullivan, Leonor K. (Mrs. John B.) [D-MO-3] · D · Sponsor
• · hsba00 · Standing

Related records

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