A bill to amend the Federal Financing Bank Act of 1973 to provide funds to general units of local government in financial distress.

[AI summary unavailable — showing source text] Authorizes the Federal Financial Bank to purchase general obligation bonds of units of local government when such bonds are issued to satisfy existing liabilities of such units of government; when the maturity of such obligations does not exceed two years; and when such unit of government has submitted a plan to achieve a balanced budget within two years.…