S 3008 · 94th Congress · Finance and Financial Sector
A bill to amend the Equal Credit Opportunity Act to prescribe administrative procedures for the Board of Governors of the Federal Reserve System.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1976-02-23)
Plain Language Summary
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Amends the Equal Credit Opportunity Act to prescribe administrative procedures which allow interested persons and employees of the United States to participate in the legislative processes of the Board of Governors of the Federal Reserve System. Allows the Board to prescribe such rules and make such rulings to facilitate such procedures without unnecessary cost or delay. Permits judicial review of effective regulations or amendments where any person who will be adversely affected has filed a petition with the United States court of appeals for the circuit wherein such person resides at any time prior to the 60 days after such regulation or amendment is prescribed. Provides that any decision of the court of appeals will be final, subject to review by the Supreme Court of the United States.…
Summarized by Claude AI · Non-partisan · For informational purposes only