HR 7507 · 94th Congress · Government securities
A bill to amend section 14(b) of the Federal Reserve Act, as amended, to extend for 2 years the authority of Federal Reserve Banks to purchase U.S. obligations directly from the Treasury.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Banking, Currency and Housing.(1975-06-02)
Plain Language Summary
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Extends for two years the authority of Federal Reserve banks to purchase United States obligations directly from the Treasury under the Federal Reserve Act.…
Summarized by Claude AI · Non-partisan · For informational purposes only