The same change is made in the Federal Reserve Act
To increase the supply of housing in America, and for other purposes, section 203, Sec. 203.
Written by .
The same change is made in the Federal Reserve Act
The document says “is amended”Who acts: CongressHow: statuteSec. 203 in the PDF
What the document says
“Section 9(23) of the Federal Reserve Act (12 U.S.C. 338a) is amended, in the fifth sentence, by striking ``15'' each place the term appears and inserting ``20''.”
The section makes the matching amendment to section 9(23) of the Federal Reserve Act, replacing 15 with 20 wherever it appears in the fifth sentence.
What the document actually says
“Section 9(23) of the Federal Reserve Act (12 U.S.C. 338a) is amended, in the fifth sentence, by striking ``15'' each place the term appears and inserting ``20''.”
That sentence, in plain words
The same swap is made in a second law. The number 15 comes out. The number 20 goes in.
What this is about
The first change covers one kind of bank. This one covers another kind. Both rules now use the same number.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Increase the supply of housing in America, Public Law 119-101, sec. 203, 140 Stat. 868 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“The same change is made in the Federal Reserve Act,” Increase the supply of housing in America, section 203, Sec. 203. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec203-federal-reserve-act/ (retrieved August 26, 2026).
Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.
How to Read This Page
The quotation is the document's own words, exactly as printed, and we check the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
