legislation: 96-s-2704

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
96-s-2704 96 s 2704 A bill to amend the Federal Reserve Act to authorize the Board of Governors of the Federal Reserve System to establish margin requirements for transactions in financial instruments. Finance and Financial Sector 1980-05-14 1980-05-14 Referred to Senate Committee on Banking, Housing and Urban Affairs. Senate Sen. Proxmire, William [D-WI] WI D P000553 0 Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System to regulate: (1) the terms, conditions and amounts of credit for acquiring any financial instrument, not already subject to the margin requirements of the Securities Exchange Act of 1934; and (2) minimum deposits to be furnished when purchasing a futures contract involving such financial instruments. Requires persons subject to such regulations to furnish the Board with necessary information. Authorizes the Board to bring action in U.S. district courts to enjoin any violation of such regulations. Sets forth criminal penalties for violations of such regulations. 2025-01-14T18:20:21Z  

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