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.

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. 5 October 1981

   Introduced

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

   Source: IntroReferral

2. 5 October 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 October 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

• Introduced in House

  summary · EN · 5 October 1981

  Open at official source

Sponsors

• Rep. Rinaldo, Matthew J. [R-NJ-12] · R · Sponsor
• · hsba00 · Standing

Related records

• related to → 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.
• related to ← 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.