An Act to amend section 14(b) of the Federal Reserve Act, as amended, to extend for three months the authority of Federal Reserve banks to purchase United States obligations directly from the Treasury.
Public Law 93-93 · S. 1410 · 93rd Congress · began in the Senate
Signed by Richard Nixon (R) on Aug 14, 1973 · Finance and Financial Sector
Sponsor: Sen. Thomas McIntyre (D-NH)
Cosponsors (2): Sen. Philip Hart, Sen. Joseph Montoya
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.
Extends for 3 months (until October 31, 1973) the authority of Federal Reserve Banks to purchase U.S. obligations directly from the Treasury.
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. 10 actions.
- Aug 14, 1973Became lawBecame law · Signed by President.
- PresidentPresident · Public law 93-93.
- Aug 4, 1973PresidentPresident · Measure presented to President.
- Aug 3, 1973Resolving differencesResolving differences · Senate agreed to House amendments.
- Aug 2, 1973FloorFloor · Measure passed House, amended.
- Jun 28, 1973CommitteeCommittee · Referred to House Financial Services Committee
- Jun 27, 1973FloorFloor · Measure passed Senate, amended.
- Jun 25, 1973CommitteeCommittee · Reported by Senate Banking, Housing, and Urban Affairs Committee
- Mar 28, 1973CommitteeCommittee · Referred to 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.