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- H.R.3261
H.R.3261: Federal Reserve Surplus Act of 1996
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about government operations and politics
- Introduced April 17, 1996
- Latest Major Action May 3, 1996
Bill Sponsor
Bill Cosponsors
13 (12 Democrats, 1 Republican)
Bill Summary
Federal Reserve Surplus Act of 1996 - Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System to transfer annually to the Financing Corporation specified amounts from surplus funds of the Federal reserve banks in order to cover the interest on obligations issued by the Financing Corporation.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Referred to the House Committee on Banking and Financial Services. subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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| April 17, 1996 |
Introduced in the House by Barney Frank (D-Mass.) |