HR 12595 · 94th Congress · Finance and Financial Sector

A bill to permit the payment of interest on demand deposits which consist of public funds of the United States or of a State or political subdivision or instrumentality of a State.

Introduced 1976-03-17· Sponsored by Rep. Mottl, Ronald M. [D-OH-23]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Currency and Housing.(1976-03-17)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Federal Reserve Act to permit the payment of interest on demand deposits which consist of public funds of the United States or of a State or political subdivision or instrumentality of a State.…

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