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- H.R.4359
H.R.4359: To amend the Federal Reserve Act to broaden the range of discount window loans which may be used as collateral for Federal reserve notes.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about economics and public finance
- Introduced July 30, 1998
- Latest Major Action July 30, 1998
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (2 Democrats, 2 Republicans)
Bill Summary
Amends the Federal Reserve Act to expand the types of collateral security which may be required in a Federal Reserve bank application for Federal Reserve notes to include: (1) acceptances acquired under provisions for emergency advances to member banks; (2) receipts of deposits and collections; and (3) discounts of agricultural paper.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Banking and Financial Services.
|
|
| July 30, 1998 |
Introduced in the House by James A. Leach (R-Iowa) |