HR 3349 · 95th Congress · Finance and Financial Sector

A bill to amend section 14(b) of the Federal Reserve Act to provide authority to the Federal Reserve Banks to purchase and sell, until April 1, 1978, obligations of the United States and obligations fully guaranteed by the United States without regard to maturities.

Introduced 1977-02-09· Sponsored by Rep. Mitchell, Parren J. [D-MD-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1977-02-09)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Federal Reserve Act to extend the authority of Federal Reserve banks to purchase and sell obligations fully guaranteed by the United States until April 1, 1978.…

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