New York City Seasonal Financing Act of 1975
Public Law 94-143 · H.R. 10481 · 94th Congress · began in the House
Signed by Gerald Ford (R) on Dec 9, 1975 · Economics and Public Finance
Major law
Sponsor: Rep. Thomas Ashley (D-OH-9)
Cosponsors (7): Rep. Leonor Sullivan, Rep. Thomas Rees,
Passage votesYeaNay
- HouseRecorded vote: 213 yea, 203 nay213–203
- SenateRecorded vote: 57 yea, 30 nay57–30
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.
(Measure passed House, amended, roll call #728 (213-203))
New York City Seasonal Financing Act - Provides that upon written request of the City of New York or a financing agent thereof (authorized by the State of New York), the Secretary of the Treasury may make loans to the city or such agent subject to this Act.
Matures such a loan not later than the last day of the city's fiscal year in which it was made, and sets the interest rate at one percent greater than the current average market yield on United States obligations. Permits the Secretary to require such security as he deems appropriate. Permits him to offset payments due under this Act by withholding other Federal payments to the city.
Limits outstanding loans under this Act at any one time to $2,300,000,000. Prohibits extension of further loans unless the city is in compliance with the terms of past loans.
Establishes the New York City Seasonal Financing Fund in the Treasury and authorizes appropriation of $2,300,000,000 to it. Authorizes the Secretary to inspect records of the city or any financing agent thereof. Prohibits loans under this Act unless the General Accounting Office is authorized to conduct audits of the State, city, and any financing agent thereof.
Terminates the loan authority of this Act on June 30, 1978.
Who voted for it
Every House member of the 94th Congress on the ideology compass. Highlighted: the 218 who voted yea on final passage. Faded: everyone else, including those who voted nay, did not vote, or had not yet taken office.
218 yea208 nay8 present or did not vote
Democrats who voted yea(180)
Rep. John ConyersD-MI-1- Rep. Louis StokesD-OH-21
Rep. Pete StarkD-CA-9- Rep. Bella AbzugD-NY-20
- Rep. John MossD-CA-3
- Rep. Parren MitchellD-MD-7
- Rep. James CormanD-CA-21
- Rep. Ronald DellumsD-CA-8
- Rep. Don EdwardsD-CA-10
- Rep. Edward RoybalD-CA-25
- Rep. Phillip BurtonD-CA-6
- Rep. Andrew YoungD-GA-5
- Rep. Yvonne BurkeD-CA-28
- Rep. Bill ClayD-MO-1
- Rep. Elizabeth HoltzmanD-NY-16
- Rep. Shirley ChisholmD-NY-12
- Rep. Gus HawkinsD-CA-29
Rep. Henry WaxmanD-CA-24- Rep. Benjamin RosenthalD-NY-8
Rep. Charlie RangelD-NY-19- Rep. Ralph MetcalfeD-IL-1
- Rep. Frank ThompsonD-NJ-4
Rep. James OberstarD-MN-8- Rep. Herman BadilloD-NY-21
- Rep. William BarrettD-PA-1
- Rep. Charles DiggsD-MI-13
- Rep. George BrownD-CA-36
- Rep. Cardiss CollinsD-IL-7
- Rep. Barbara JordanD-TX-18
- Rep. Robert NixD-PA-2
- Rep. William FordD-MI-15
- Rep. Frederick RichmondD-NY-14
- Rep. Harold JohnsonD-CA-1
- Rep. Robert EckhardtD-TX-8
- Rep. Charles CarneyD-OH-19
- Rep. James HowardD-NJ-3
- Rep. John SeiberlingD-OH-14
- Rep. Jonathan BinghamD-NY-22
Rep. John DingellD-MI-16- Rep. John BurtonD-CA-5
- Rep. John BrademasD-IN-3
- Rep. Patsy MinkD-HI-2
- Rep. James ScheuerD-NY-11
- Rep. John McFallD-CA-14
- Rep. Tip O’NeillD-MA-8
- Rep. Morris UdallD-AZ-2
- Rep. Charles PriceD-IL-23
- Rep. Edward KochD-NY-18
- Rep. Richard BollingD-MO-5
- Rep. Joshua EilbergD-PA-4
- Rep. Robert LeggettD-CA-4
- Rep. Henry ReussD-WI-5
- Rep. Joseph AddabboD-NY-7
- Rep. Norman MinetaD-CA-13
- Rep. Peter RodinoD-NJ-10
- Rep. Stephen SolarzD-NY-13
Rep. George MillerD-CA-7- Rep. Henry HelstoskiD-NJ-9
- Rep. Lloyd MeedsD-WA-2
- Rep. John FaryD-IL-5
- Rep. Sidney YatesD-IL-9
- Rep. Ray MaddenD-IN-1
- Rep. Helen MeynerD-NJ-13
- Rep. Edward MezvinskyD-IA-1
- Rep. William BrodheadD-MI-17
Rep. Dave ObeyD-WI-7- Rep. Michael HarringtonD-MA-6
- Rep. Thomas MorganD-PA-22
- Rep. Frank AnnunzioD-IL-11
- Rep. John MurphyD-NY-17
Rep. Richard NolanD-MN-6- Rep. Dominick DanielsD-NJ-14
- Rep. Spark MatsunagaD-HI-1
- Rep. Fernand St. GermainD-RI-1
- Rep. James BurkeD-MA-11
- Rep. William LehmanD-FL-13
- Rep. Robert DrinanD-MA-4
- Rep. Daniel RostenkowskiD-IL-8
- Rep. Edward PattenD-NJ-15
- Rep. James StantonD-OH-20
- Rep. Morgan MurphyD-IL-2
- Rep. Abner MikvaD-IL-10
- Rep. Joseph KarthD-MN-4
- Rep. George DanielsonD-CA-30
- Rep. James O’HaraD-MI-12
- Rep. Edward BeardD-RI-2
- Rep. James WeaverD-OR-4
- Rep. Claude PepperD-FL-14
- Rep. Teno RoncalioD-WY
- Rep. Donald FraserD-MN-5
- Rep. Dante FascellD-FL-15
- Rep. Charles WilsonD-CA-31
- Rep. Daniel FloodD-PA-11
- Rep. John DentD-PA-21
- Rep. Robert BerglandD-MN-7
- Rep. Lucien NedziD-MI-14
- Rep. William MoorheadD-PA-14
- Rep. Jerry PattersonD-CA-38
- Rep. Paul SarbanesD-MD-3
- Rep. Joseph VigoritoD-PA-24
- Rep. John PatmanD-TX-1
- Rep. John MoakleyD-MA-9
- Rep. Robert KastenmeierD-WI-2
- Rep. Paul TsongasD-MA-5
- Rep. Richard OttingerD-NY-24
- Rep. Lionel Van DeerlinD-CA-42
- Rep. Philip HayesD-IN-8
- Rep. Joseph EvinsD-TN-4
- Rep. Harold FordD-TN-8
- Rep. James HanleyD-NY-32
- Rep. Torbert MacdonaldD-MA-7
- Rep. Bernice SiskD-CA-16
- Rep. William GreenD-PA-3
- Rep. Mario BiaggiD-NY-10
- Rep. Robert JonesD-AL-5
- Rep. Donald RiegleD-MI-7
- Rep. Clement ZablockiD-WI-4
- Rep. Charles VanikD-OH-22
- Rep. Wayne HaysD-OH-18
- Rep. James DelaneyD-NY-9
- Rep. Tim HallD-IL-15
- Rep. Leo ZeferettiD-NY-15
- Rep. Brock AdamsD-WA-7
- Rep. William CotterD-CT-1
- Rep. Gerry StuddsD-MA-12
- Rep. Richard Vander VeenD-MI-5
- Rep. Leslie AspinD-WI-1
- Rep. Paul SimonD-IL-24
- Rep. Toby MoffettD-CT-6
- Rep. Neal SmithD-IA-4
- Rep. Frederick RooneyD-PA-15
- Rep. Matthew McHughD-NY-27
- Rep. Albert UllmanD-OR-2
- Rep. Thomas FoleyD-WA-5
- Rep. Robert RoeD-NJ-8
- Rep. Joseph MinishD-NJ-11
- Rep. James SymingtonD-MO-2
- Rep. John MelcherD-MT-2
- Rep. Thomas ReesD-CA-23
- Rep. James FlorioD-NJ-1
- Rep. Edward BolandD-MA-2
- Rep. Frank EvansD-CO-3
- Rep. Edward PattisonD-NY-29
- Rep. James BlanchardD-MI-18
- Rep. Gillis LongD-LA-8
- Rep. Mike McCormackD-WA-4
- Rep. Gladys SpellmanD-MD-5
- Rep. James WrightD-TX-12
- Rep. Don BonkerD-WA-3
- Rep. Henry NowakD-NY-37
- Rep. Joseph FisherD-VA-10
- Rep. Robert EdgarD-PA-7
- Rep. Michael BlouinD-IA-2
- Rep. Thomas DowneyD-NY-2
- Rep. Allan HoweD-UT-2
- Rep. Mark HannafordD-CA-34
- Rep. Koln McKayD-UT-1
- Rep. Clifford AllenD-TN-5
- Rep. Otis PikeD-NY-1
- Rep. Lester WolffD-NY-6
- Rep. John KrebsD-CA-17
- Rep. Robert GiaimoD-CT-3
Rep. John MurthaD-PA-12
Rep. Christopher DoddD-CT-2- Rep. Jerome TraxlerD-MI-8
- Rep. Lindy BoggsD-LA-2
- Rep. Robert DuncanD-OR-3
- Rep. Jerome AmbroD-NY-3
- Rep. Samuel StrattonD-NY-28
- Rep. Bob CarrD-MI-6
- Rep. John LaFalceD-NY-36
- Rep. Jerry LittonD-MO-6
- Rep. Thomas AshleyD-OH-9
- Rep. Ray ThorntonD-AR-4
Rep. Tom HarkinD-IA-5- Rep. Martin RussoD-IL-3
- Rep. Berkley BedellD-IA-6
- Rep. John RoushD-IN-4
- Rep. Philip SharpD-IN-10
- Rep. William HughesD-NJ-2
Republicans who voted yea(38)
- Rep. Peter PeyserR-NY-23
- Rep. Gilbert GudeR-MD-8
- Rep. Matthew RinaldoR-NJ-12
- Rep. Silvio ConteR-MA-1
- Rep. Edward BiesterR-PA-8
- Rep. Frank HortonR-NY-34
- Rep. Benjamin GilmanR-NY-26
- Rep. Margaret HecklerR-MA-10
- Rep. Henry HeinzR-PA-18
- Rep. William WalshR-NY-33
- Rep. Stewart McKinneyR-CT-4
- Rep. Donald MitchellR-NY-31
- Rep. Pete McCloskeyR-CA-12
- Rep. Jim JeffordsR-VT
- Rep. Ronald SarasinR-CT-5
- Rep. Hamilton FishR-NY-25
- Rep. Millicent FenwickR-NJ-5
- Rep. John StantonR-OH-11
- Rep. Charles MosherR-OH-13
- Rep. Norman LentR-NY-4
- Rep. John AndersonR-IL-16
- Rep. John BuchananR-AL-6
- Rep. Albert JohnsonR-PA-23
- Rep. Philip RuppeR-MI-11
- Rep. Garry BrownR-MI-3
- Rep. Guy Vander JagtR-MI-9
- Rep. James HastingsR-NY-39
- Rep. John RhodesR-AZ-1
- Rep. Chalmers WylieR-OH-15
- Rep. John WydlerR-NY-5
- Rep. Robert McEwenR-NY-30
- Rep. Edwin ForsytheR-NJ-6
- Rep. Jack KempR-NY-38
- Rep. William FrenzelR-MN-3
- Rep. Clarence BrownR-OH-7
- Rep. Charles WigginsR-CA-39
- Rep. Barber ConableR-NY-35
- Rep. Robert MichelR-IL-18
Data notes
The House’s recorded vote on the final version of the law (roll call 541 in Voteview), matched to the vote the record cites and checked against its totals. Positions are each member’s DW-NOMINATE score for that Congress, as on the Ideology page; left to right is more liberal to more conservative. Paired and announced yea votes count as yea. Lists follow the compass, most liberal first. A name links to a profile only for members of the current Congress. A law passed by voice vote or unanimous consent has no member list, and neither does a vote Voteview has not yet recorded.
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. 16 actions.
- Dec 9, 1975Became lawBecame law · Signed by President.
- PresidentPresident · Public law 94-143.
- Dec 8, 1975PresidentPresident · Measure presented to President.
- PresidentPresident · Measure enrolled in Senate.
- PresidentPresident · Measure enrolled in House.
- Dec 5, 1975FloorFloor · Measure passed Senate, roll call #566 (57-30).Senate roll call 566
- FloorFloor · Cloture motion passed Senate, roll call #553 (70-27).Senate roll call 553
- Dec 3, 1975FloorFloor · Motion to table motion to refer to Banking, Housing and Urban Affairs Committee passed Senate, roll call #540 (57-23).Senate roll call 540
- FloorFloor · Measure called up by unanimous consent in Senate.
- CommitteeCommittee · Referred to Senate Banking, Housing, and Urban Affairs Committee
- Dec 2, 1975FloorFloor · Measure passed House, amended, roll call #728 (213-203).House roll call 728
- Nov 13, 1975CommitteeCommittee · Reported by House Ways and Means Committee
- Nov 6, 1975CommitteeCommittee · Reported by House Financial Services Committee
- CommitteeCommittee · Referred to House Ways and Means Committee
- Oct 31, 1975CommitteeCommittee · Referred to House Financial Services Committee
- IntroducedIntroduced · Introduced in the House
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.