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S. 3889 · 91st Congress · 1969–1970

A bill to amend section 14(b) of the Federal Reserve Act, as amended, to extend for 2 years the authority of Federal Reserve banks to purchase U.S. obligations directly from the Treasury

S. 3889 in the 91st Congress (1969–1970) became law — introduced in 1970, sponsored by John Sparkman.

During the 91st Congress (1969–1970), Richard Nixon was president, and Democrats held majorities in both the House and Senate.

Status
Became law
Introduced
1970
Policy area
Economy

Sponsor

John Sparkman (D-AL)

Where it stands

  • Introduced1970
  • Passed the SenateYes
  • Passed the HouseYes
  • Sent to the PresidentYes
  • Became lawYes

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From the Congressional Bills Project (Adler and Wilkerson), covering 1947–2002.