A bill to amend the Federal Reserve Act to authorize Federal reserve banks to lend certain obligations to the Secretary of the Treasury to meet the short-term cash requirements of the Treasury, and for other purposes.

H.R. 3404 in the 96th Congress (1979–1980) became law — introduced on Apr 3, 1979, sponsored by Parren Mitchell. Congress held 2 roll call votes on it.

During the 96th Congress (1979–1980), Jimmy Carter was president, and Democrats held majorities in both the House and Senate.

Status: Became law
Introduced: Apr 3, 1979
Policy area: Business and commerce
Public law: Public Law 96-18

Sponsor

Parren Mitchell (D-MD)

Where it stands

IntroducedApr 3, 1979
Passed the HouseYes
Passed the SenateYes
Sent to the PresidentYes
Became lawJun 8, 1979

Every roll call vote on this bill

To suspend the rules and pass H.R. 3404, a bill amending the federal reserve act to authorize federal…House · May 7, 1979
To pass H.R. 3404, the bill amending the federal reserve act to authorize federal reserve banks to lend…House · May 23, 1979

More bills from Parren Mitchell in the 96th Congress

H.R. 4998: A bill to amend the Federal Reserve Act to require that detailed minutes of Federal Open Market…

Other Business and commerce bills in the 96th Congress

From the Congressional Bills Project (Adler and Wilkerson), covering 1947–2002.

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Capitol Receipts, “H.R. 3404 (96th Congress): A bill to amend the Federal Reserve Act…,” https://www.capitolreceipts.com/bill/96-hr-3404/a-bill-to-amend-the-federal-reserve-act-to (accessed 2026-10-17).