HR 1385 · 98th Congress · Finance and Financial Sector

Discount Window Standards Act

Introduced 1983-02-10· Sponsored by Del. Fauntroy, Walter E. [D-DC-At Large]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Domestic Monetary Policy.(1983-03-01)

Plain Language Summary

[AI summary unavailable — showing source text] Discount Window Standards Act - Amends the Federal Reserve Act to revise Federal Reserve bank discount window standards. Provides that, where denial would cause severe damage to the economy or severe unemployment, discounts of 90 days obligations (direct loans) shall be advanced to individuals, partnerships, and corporations. Makes such discounts (direct loans) available to State and local governments solely to assist them to provide basic services to their citizens.…

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