HR 3189 · 96th Congress · Finance and Financial Sector

A bill to amend the Federal Reserve Act to allow Federal Reserve banks to purchase and sell obligations issued by municipalities and other political subdivisions which have filed petitions under chapter 9 of the Bankruptcy Act.

Introduced 1979-03-22· Sponsored by Rep. Holtzman, Elizabeth [D-NY-16]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1979-03-22)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Federal Reserve Act to allow Federal Reserve banks to purchase and sell obligations issued by municipalities and other political subdivisions which have filed petitions under chapter 9 of the Bankruptcy Act.…

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