To amend the Federal Reserve Act to establish a permanent Bank Term Funding Program to provide member banks and other depository institutions with short-term liquidity against long-term assets.
Summary
What This Bill Does
The bill requires federal Reserve Bank Term Funding Program The Federal Reserve Act (12 U.S.C and requires bank Term Funding Program There is established a Bank Term Funding Program, under which a Federal reserve bank may, subject to rules established by the Board of Governors of the Federal Reserve System, make. It relies on definition changes, compliance mandates, procurement rules, and delegation of rulemaking. The main policy areas are Environmental Groups, Environment, and Finance.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Financial services firms and customers affected by the bill would take on compliance duties, and Environmental and public health interests affected by the bill would take on compliance duties.
Key Provisions
- Requires federal Reserve Bank Term Funding Program The Federal Reserve Act (12 U.S.C.
- Requires bank Term Funding Program There is established a Bank Term Funding Program, under which a Federal reserve bank may, subject to rules established by the Board of Governors of the Federal Reserve System, make...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires federal Reserve Bank Term Funding Program The Federal Reserve Act (12 U.S.C and requires bank Term Funding Program There is established a Bank Term Funding Program, under which a Federal reserve bank may, subject to rules established by the Board of Governors of the Federal Reserve System, make.
Key Policy Areas
Environmental Groups, Environment, Finance
Primary Purpose
The bill requires federal Reserve Bank Term Funding Program The Federal Reserve Act (12 U.S.C and requires bank Term Funding Program There is established a Bank Term Funding Program, under which a Federal reserve bank may, subject to rules established by the Board of Governors of the Federal Reserve System, make.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
Legislative Progress
IntroducedMr. Luetkemeyer introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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