HR 3621 · 102th Congress · Finance and Financial Sector

Primary Dealers Examination and Improvement Act

Introduced 1991-10-23· Sponsored by Rep. Wylie, Chalmers P. [R-OH-15]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.(1991-11-01)

Plain Language Summary

[AI summary unavailable — showing source text] Primary Dealers Examination and Improvement Act - Requires the Board of Governors of the Federal Reserve System to perform annual on-site examinations of primary dealers in government debt instruments. Requires the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to establish procedures to prevent securities market distortions. Amends the Federal Deposit Insurance Act to subject primary dealers to administrative enforcement authority.…

Summarized by Claude AI · Non-partisan · For informational purposes only