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Municipal Bonds Emergency Relief Act

2/9/2022, 1:42 AM

Congressional Summary of S 3550

Municipal Bonds Emergency Relief Act

This bill allows the Federal Reserve Board in unusual and exigent circumstances to authorize Federal Reserve banks to buy and sell municipal bonds and other specified financial instruments.

Current Status of Bill S 3550

Bill S 3550 is currently in the status of Bill Introduced since March 20, 2020. Bill S 3550 was introduced during Congress 116 and was introduced to the Senate on March 20, 2020.  Bill S 3550's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 20, 2020

Bipartisan Support of Bill S 3550

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3550

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 3550

Municipal Bonds Emergency Relief Act
Municipal Bonds Emergency Relief Act
A bill to amend the Federal Reserve Act to permit to the Board of Governors of the Federal Reserve System to engage in certain open market operations during unusual and exigent circumstances.

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