S 2556 · 93th Congress ·
An original bill to amend section 14(b) of the Federal Reserve Act, as amended, to extend for 8 months the authority of Federal Reserve banks to purchase United States obligations directly from the Treasury.
Bill Progress
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Introduced✓
Committee✓
Senate Vote4
House5
EnactedLatest: Referred to House Committee on Banking and Currency.(1973-10-11)
Plain Language Summary
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Extends for eight months the authority of Federal Reserve banks, under the Federal Reserve Act, to purchase United States obligations directly from the Treasury. (Amends 12 U.S.C. 355)…
Summarized by Claude AI · Non-partisan · For informational purposes only