H.R. 3720 · 101st Congress · enacted
National Consumer Cooperative Bank Amendments of 1989
Became Public Law No: 101-206.
Latest official action 1989-12-07 · Enacted
The bill, briefly
National Consumer Cooperative Bank Amendments of 1989 - Amends the National Consumer Cooperative Bank Act to provide that the holder of class A notes shall be entitled to interest rates determined by the Secretary of the Treasury, taking into consideration the current average yield on comparable outstanding marketable U.S. obligations as of the last day of the month preceding each issuance of such notes to the Secretary. Limits interest payments until 1990 to 25 percent of gross revenues. Authorizes the Bank to issue replacement class A notes with the Secretary's approval. Mandates that all class A notes be redeemed by October 31, 2020.
Congressional Research Service · 1989-11-17
Who reported lobbying on this bill?
Amount spent specifically on this bill: not disclosed
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Politicians behind the bill
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1 of 1 source cosponsor records retrieved; only current officials and unwithdrawn sponsorships appear.
PAC donors to the listed sponsors
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What happened after enactment?
Dated agency-reported implementation and uptake measures are shown with their scope. They do not by themselves establish causal success. If no evidence is listed, the outcome is not established.