Amends the Federal Reserve Act to expand the class of collateral eligible for use as security for Federal Reserve notes to include any obligations which are direct obligations of, or are fully guaranteed as to principal and interest by, the United States or any agency thereof.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line