HR 7419 · 96th Congress · Finance and Financial Sector

A bill to amend the Federal Reserve Act to impose reserve requirements on money market mutual funds.

Introduced 1980-05-21· Sponsored by Rep. Neal, Stephen L. [D-NC-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1980-05-21)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Federal Reserve Act to require money market mutual funds to maintain reserves equivalent to those imposed on transaction accounts.…

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