II 110th CONGRESS 2d Session S. 3510 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.

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).