S 3213 · 95th Congress · Finance and Financial Sector

A bill to expand the class of collateral eligible for use as security for Federal Reserve notes.

Introduced 1978-06-19· Sponsored by Sen. Proxmire, William [D-WI]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1978-06-19)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Federal Reserve Act to expand the class of collateral eligible for use as security for Federal Reserve notes to include any obligations which are direct obligations of, or are fully guaranteed as to principal and interest by, the United States or any agency thereof.…

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