HR 1662 · 118th Congress · Finance and Financial Sector

Emergency Liquidity Act of 2023

Introduced 2023-03-17· Sponsored by Rep. Torres, Ritchie [D-NY-15]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2023-03-17)

Plain Language Summary

[AI summary unavailable — showing source text] Emergency Liquidity Act of 2023 This bill requires the Board of Governors of the Federal Reserve System to establish and maintain a permanent emergency lending program through which a Federal reserve bank may provide short-term liquidity to member banks or other depository institutions that pledge collateral eligible for purchase by the Federal reserve banks in open market operations.…

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