To require the Board of Governors of the Federal Reserve System to collect, publish, and keep current an objective index of dollar-denominated loan interest rates of various maturities, and for other purposes.
Rate of Average Time Execution Act of 2013 or RATE Act of 2013 - Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System to collect, publish, and keep current a set of indices, meeting specified criteria, that report the rate for dollar-denominated loans of various maturities.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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