[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 3510 Introduced in Senate (IS)]







110th CONGRESS
  2d Session
                                S. 3510

 To prohibit the Board of Governors of the Federal Reserve System from 
   making funds available at a discount rate to private individuals, 
                    partnerships, and corporations.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 17, 2008

  Mr. Bunning introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
 To prohibit the Board of Governors of the Federal Reserve System from 
   making funds available at a discount rate to private individuals, 
                    partnerships, and corporations.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF DISCOUNT AUTHORITY FOR PRIVATE FIRMS.

    Section 13 of the Federal Reserve Act (12 U.S.C. 343) is amended by 
striking the third undesignated paragraph (relating to discounts for 
individuals, partnerships, and corporations).
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