An Act amending the National Housing Act to clarify the authority of the Federal Savings and Loan Insurance Corporation with respect to the insurance of public deposits, and for other purposes.
Public Law 93-541 · S.J.Res. 263 · 93rd Congress · began in the Senate
Signed by Gerald Ford (R) on Dec 26, 1974 · Finance and Financial Sector
Sponsor: Sen. John Sparkman (D-AL)
Cosponsors: None
Passage votes
- HouseMethod not stated
- SenateMethod not stated
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Revises, under the National Housing Act, the authority of the Federal Savings and Loan Insurance Corporation with respect to the insurance of public deposits. Authorizes the Secretary of the Treasury, when he deems it necessary to assure an adequate supply of coins to meet the national needs, to mint for issuance during calendar year 1975 dollars, half-dollar, and quarter dollar coins bearing the design and coinage dates provided for in the Revised Statutes.
Establishes a Federal Savings and Loan Advisory Council, which shall continue to exist as long as the Board biannually determines, as a matter of formal record, after consultation with the Director of the Office of Management and Budget, with timely notice in the Federal Register, to be in the public interest in connection with the performance of duties imposed on the Council by law.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 7 actions.
- Dec 26, 1974Became lawBecame law · Signed by President.
- PresidentPresident · Public law 93-541.
- Dec 16, 1974PresidentPresident · Measure presented to President.
- Dec 13, 1974FloorFloor · Measure passed House.
- Dec 11, 1974FloorFloor · Measure passed Senate.
- CommitteeCommittee · Reported by Senate Banking, Housing, and Urban Affairs Committee
- IntroducedIntroduced · Introduced in the Senate
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.