S 2120 · 98th Congress · Finance and Financial Sector

A bill to amend the Federal Credit Union Act (12 U.S.C. Sections 1751 et seq.) to correct the tax status of the National Credit Union Central Liquidity Facility.

Introduced 1983-11-17· Sponsored by Sen. Garn, E. J. (Jake) [R-UT]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking.(1983-11-17)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Federal Credit Union Act to exempt the National Credit Union Administration's Central Liquidity Facility from Federal, State, and local taxation, including notes and other obligations issued on behalf of the Central Liquidity Facility.…

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

Cosponsors (1)

1 Democrat
Sen. Proxmire, William [D-WI]WI