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- H.R.1094
H.R.1094: 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 106th Congress
- This bill is primarily about economics and public finance
- Introduced March 11, 1999
- Latest Major Action Dec. 6, 1999
- 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 include among the types of collateral security which may be required (to back currency) in a Federal Reserve bank application for Federal Reserve notes any acceptances acquired (discount window loans extended) with respect to: (1) emergency advances to groups of or individual member banks; and (2) discounts of agricultural paper.
(Source: Library of Congress)
Bill Actions
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Referred to the House Committee on Banking and Financial Services.
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Referred to the Subcommittee on Domestic and International Monetary Policy.
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Mr. Leach moved to suspend the rules and pass the bill, as amended.
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Considered under suspension of the rules.
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DEBATE - The House proceeded with forty minutes of debate on H.R. 1094.
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On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate and read twice and referred to the Committee on Banking.
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Senate Committee on Banking discharged by Unanimous Consent.
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Passed Senate without amendment by Unanimous Consent.
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Cleared for White House.
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Message on Senate action sent to the House.
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Presented to President.
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Signed by President.
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Became Public Law No: 106-122.
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| March 11, 1999 |
Introduced in the House by James A. Leach (R-Iowa) |