SCONRES 103 · 93th Congress ·

Concurrent resolution relating to the authority of the Board of Governors of the Federal Reserve System.

Introduced 1974-07-11· Sponsored by Sen. Sparkman, John J. [D-AL]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1974-07-11)

Plain Language Summary

[AI summary unavailable — showing source text] Expresses the intent of Congress that the Board of Governors of the Federal Reserve System exercise the authority conferred by the Federal Reserve Act with respect to any obligation issued directly by a member bank or indirectly by an affiliate of a member bank or by other means, regardless of the stated use of the proceeds of the issue.…

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

Cosponsors (4)

3 Democrats1 Republican