HR 2306 · 96th Congress · Finance and Financial Sector

Federal Reserve Act Amendments of 1979

Introduced 1979-02-21· 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.(1979-02-21)

Plain Language Summary

[AI summary unavailable — showing source text] Federal Reserve Act Amendments of 1979 - Amends the Federal Reserve Act to change the expiration dates of the terms of office of the chairman and the vice chairman of the Federal Reserve Board of Governors from the end of four years to January 31 of the first calendar year commencing after the calendar year during which the term of the President who appointed them is scheduled to expire, or at the expiration of their terms as members of the Board, whichever is earlier. Enunciates the duties of the vice chairman of the Board.…

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