118th Congress Finance and Financial Sector
H.R. 1662: Emergency Liquidity Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill requires the Board of Governors of the Federal Reserve System to establish and maintain a permanent emergency lending program through which a Federal reserve bank may provide short-term liquidity to member banks or other depository institutions that pledge collateral eligible for purchase by the Federal reserve banks in open market operations.
Written by the Congressional Research Service, Library of Congress.
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Amendments
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History
- Introduced in the House by Ritchie Torres.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.