HR 4546 · 93th Congress · Finance and Financial Sector

A bill to amend the Par Value Modification Act.

Introduced 1973-02-21· Sponsored by Rep. Patman, Wright [D-TX-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking and Currency.(1973-02-21)

Plain Language Summary

[AI summary unavailable — showing source text] Authorizes the Secretary of the Treasury to establish a new par value of the dollar of $1 equals 0.828948 Special Drawing Right or, the equivalent in terms of gold, of $1 equals 0.023684 of a fine troy ounce of gold (presently one thirty-eighth of a fine troy ounce of gold) for the purpose of defining the legal standard for the relationship of the dollar to gold for the purpose of issuing gold certificates. (Amends P.L. 92-268)…

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

Cosponsors (1)

1 Republican
Rep. Widnall, William B. [R-NJ-7]