H.R. 3242 · 118th Congress · Finance and Financial Sector

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.

Died in committee283 words Introduced May 11, 2023 · Latest action May 11, 2023

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How far it has goneStopped at 2 of 6 · Died in committee
  1. IntroducedMay 11, 2023 Done
  2. CommitteeDied Jan 3, 2025 Stopped here
  3. House floorNot yet Not reached yet
  4. Senate floorNot yet Not reached yet
  5. Chambers agreeNot yet Not reached yet
  6. PresidentNot yet Not reached yet

What it does

This bill establishes the Bank Term Funding Program, which allows a Federal Reserve bank to make advances to depository institutions that pledge certain collateral fully guaranteed by the United States. An advance must be made available with a term of up to one year.

Congressional Research Service · summary of “Introduced in House” version · May 11, 2023

Who lobbies on it

No lobbying filing on file names H.R. 3242.

Organizations that named H.R. 3242 in a quarterly lobbying report. Covers organizations with a PAC on file; reports from organizations without one aren’t loaded yet. Spend is the organization’s total across all issues: reports don’t split spending by bill. Source: Senate lobbying disclosures (LD-2) from lda.gov; quotes are word for word from the “specific lobbying issues” field.

Actions

2 actions · newest first
  1. May 11, 2023Referred to the House Committee on Financial Services.
  2. May 11, 2023Introduced in House