S 389 · 96th Congress · Finance and Financial Sector

A bill to amend the Credit Control Act of 1969.

Introduced 1979-02-08· Sponsored by Sen. Tower, John G. [R-TX]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1979-02-08)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Credit Control Act to require the President, before authorizing the Board of Governors of the Federal Reserve System to regulate and control extensions of credit, to first report to Congress and receive congressional approval expressed in a concurrent resolution on such authorization.…

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