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United States · Resolution · HCONRES

H.Con.Res. 590 (93rd)

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

referredUnited States· United States Congress· EN

Introduced

8 August 1974

Last action

8 August 1974 · Introduced

Status

Referred to House Committee on Banking and Currency.

Sponsors

Rep. Patman, Wright [D-TX-1], Rep. Barrett, William A. [D-PA-1], Rep. Sullivan, Leonor K. (Mrs. John B.) [D-MO-3], Rep. Reuss, Henry S. [D-WI-5], Rep. Moorhead, William S. [D-PA-14], Rep. St Germain, Fernand J. [D-RI-1], Rep. Gonzalez, Henry B. [D-TX-20], Rep. Minish, Joseph G. [D-NJ-11], Rep. Hanna, Richard T. [D-CA-34], Rep. Gettys, Tom S. [D-SC-5], Rep. Annunzio, Frank [D-IL-11], Rep. Rees, Thomas M. [D-CA-23], Rep. Hanley, James M. [D-NY-32], Rep. Koch, Edward I. [D-NY-18], Rep. Cotter, William R. [D-CT-1], Rep. Mitchell, Parren J. [D-MD-7], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Young, Andrew [D-GA-5], Rep. Moakley, John Joseph [D-MA-9], Rep. Stark, Fortney Pete [D-CA-13], Rep. Boggs, Corinne C. (Lindy) [D-LA-2]

Subjects

Discovery layer

Source updated

1 August 2024

Official sourceView documentsShare

Summary

Provides that the President should take immediate action to control inflation and allocate credit pursuant to the Credit Control Act by authorizing 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. 8 August 1974

    Introduced

    Referred to House Committee on Banking and Currency.

    Source: IntroReferral

  2. 8 August 1974

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 8 August 1974

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

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Sponsors

Related records

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Sources

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