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United States · Resolution · HRES

H.Res. 228 (97th)

A resolution calling on the Governors of the Federal Reserve System to encourage banks to make loans available for productive uses while eliminating loans for speculative and unproductive uses.

referredUnited States· United States Congress· EN

Introduced

18 September 1981

Last action

5 November 1981 · Referred

Status

Referred to Subcommittee on Domestic Monetary Policy.

Sponsors

Rep. Pickle, J. J. [D-TX-10], Rep. Duncan, John J. [R-TN-2], Rep. Hightower, Jack E. [D-TX-13], Rep. Hall, Sam B., Jr. [D-TX-1], Rep. Bevill, Tom [D-AL-4], Rep. Derwinski, Edward J. [R-IL-4], Rep. Reuss, Henry S. [D-WI-5], Rep. Stark, Fortney Pete [D-CA-13], Rep. Annunzio, Frank [D-IL-11], Sen. Gore, Albert, Jr. [D-TN], Rep. Perkins, Carl Dewey [D-KY-7], Rep. Benjamin, Adam, Jr. [D-IN-1], Rep. Mineta, Norman Y. [D-CA-15], Rep. Fazio, Vic [D-CA-3], Rep. Frost, Martin [D-TX-24], Rep. Horton, Frank J. [R-NY-29], Rep. Rogers, Harold [R-KY-5], Rep. Anthony, Beryl, Jr. [D-AR-4], Rep. Mitchell, Parren J. [D-MD-7], Rep. Hughes, William J. [D-NJ-2], Sen. Simon, Paul [D-IL], Rep. Bedell, Berkley W. [D-IA-6], Sen. Wyden, Ron [D-OR], Rep. Kogovsek, Ray [D-CO-3], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Chappell, Bill, Jr. [D-FL-4], Rep. Wilson, Charles [D-TX-2], Rep. Mazzoli, Romano L. [D-KY-3], Rep. Collins, Cardiss [D-IL-7], Rep. Schroeder, Patricia [D-CO-1], Rep. Roemer, Buddy [D-LA-4], Rep. Neal, Stephen L. [D-NC-5], Rep. Tauke, Thomas Joseph [R-IA-2]

Subjects

Discovery layer

Source updated

6 February 2024

Official sourceView documentsShare

Summary

Directs the Board of Governors of the Federal Reserve System to undertake an aggressive campaign designed to encourage banks to: (1) cease providing loans or lines of credit for unproductive and speculative purposes, while increasing the supply of credit available for productive uses; and (2) ensure that thrift institutions, the housing industry, auto dealers, small businesses, farmers, and home buyers have access to the cheapest possible credit in order to avoid a recession.

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

Timeline

  1. 18 September 1981

    Introduced

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

    Source: IntroReferral

  2. 18 September 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 18 September 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 5 November 1981

    Referred

    Referred to Subcommittee on Domestic Monetary Policy.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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Sponsors

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Sources

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