Bill118th CongressFiled May 11, 2023Finance and Financial Sector
H.R. 3242
To amend the Federal Reserve Act to establish a permanent Bank Term Funding Program to provide member banks and other depository institutions with short-term liquidity against long-term assets.
Bill journey · stage 2 of 5
Under committee review
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Became LawLaw
What it doesSummary introduced in house (May 11, 2023)
This bill establishes the Bank Term Funding Program, which allows a Federal Reserve bank to make advances to depository institutions that pledge certain collateral fully guaranteed by the United States. An advance must be made available with a term of up to one year.
What just happenedMay 11, 2023
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Luetkemeyer, Blaine [R-MO-3](R-MO)Sponsor
1committees3actions
- Introduced in HouseMay 11, 2023
- May 11, 2023IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - May 11, 2023IntroReferralIntro-H
Introduced in House
- May 11, 2023IntroReferral1000
Introduced in House