SRES 130 · 96th Congress · Housing and Community Development

Savers and Borrowers Equity Resolution of 1979

Introduced 1979-04-05· 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.(1979-04-05)

Plain Language Summary

[AI summary unavailable — showing source text] Expresses the sense of the Senate that if depository institutions are permitted to offer market-sensitive rates of return on savings instruments, such institutions should be able to offer mortgage loans which may vary to reflect fluctuations in market interest rates and conditions.…

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

Cosponsors (1)

1 Democrat
Sen. Morgan, Robert B. [D-NC]