HR 2850 · 98th Congress · Finance and Financial Sector

A bill to amend the Federal Reserve Act to provide flexibility in the issuance of Federal Reserve Notes in order to assure that the Nation will have an adequate supply of currency.

Introduced 1983-05-02· 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.(1983-05-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Federal Reserve Act to eliminate the requirement that Federal Reserve banks provide collateral when making application for Federal Reserve notes.…

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