HR 11587 · 95th Congress · Finance and Financial Sector

A bill to repeal provisions of law which prohibit banks which are federally insured or members of the Federal Reserve System and savings and loan associations which are federally insured from participating in lotteries.

Introduced 1978-03-15· Sponsored by Rep. McKinney, Stewart B. [R-CT-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1978-03-15)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Federal Reserve Act to repeal specified provisions which prohibit banks which are members of the Federal Reserve System and federally-insured savings and loan associations from participating in lotteries.…

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