12 U.S.C. § 2281 — Congressional findings and declaration of purpose
submitted 53 years ago by Pub. L. 93-224 to r/title-12-BANKS-AND-BANKING · 93 words · no verdicts yet
Congress finds that Federal borrowing demand is growing faster than available credit and is not adequately coordinated with Federal fiscal and debt policies. The chapter seeks coordination, lower public borrowing costs, and less disruption to private finance.
Congress finds that demand for funds through Federal and federally assisted borrowing programs is growing faster than the total supply of credit*, and that these borrowings are not adequately coordinated with overall Federal fiscal and debt-management policies. This chapter aims to coordinate those programs with the Government’s overall economic and fiscal policies, reduce the public cost of Federal and federally assisted borrowing, and finance the borrowing in the way least disruptive to private financial markets and institutions.
The Congress finds that demands for funds through Federal and federally assisted borrowing programs are increasing faster than the total supply of credit* and that such borrowings are not adequately coordinated with overall Federal fiscal and debt management policies. The purpose of this chapter is to assure coordination of these programs with the overall economic and fiscal policies of the Government, to reduce the cost of Federal and federally assisted borrowings from the public, and to assure that such borrowings are financed in a manner least disruptive of private financial markets and institutions.
Source credit: (Pub. L. 93–224, § 2, Dec. 29, 1973, 87 Stat. 937.)
- 1973Enacted · Pub. L. 93-224 · 87 Stat. 937
A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-224 on 1973-12-29.
all 0 arguments · sorted by: best
no arguments yet — make the first case