H.R. 5510 — Circulating Currency Simplification and Cost-saving Act

Summary

Circulating Currency Simplification and Cost-saving Act - Declares that: (1) all Federal reserve notes issued by the Board of Governors of the Federal Reserve System shall be the obligation of the United States and be deemed to be U.S. currency notes; and (2) all Board assets and liabilities with respect to the issuance of such Federal reserve notes shall be transferred to the Secretary of the Treasury, and be assets and liabilities of the United States.

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Legislative Actions

2000-10-19
Introduced in House
2000-10-19
Introduced in House
2000-10-19
Referred to the House Committee on Banking and Financial Services.
2000-10-19
Referred to the Subcommittee on Domestic and International Monetary Policy.

Circulating Currency Simplification and Cost-saving Act

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Summary

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