Bill summaries are authored by CRS.

Shown Here:
Passed House amended (11/23/1991)

Federal Debt Management Responsibility Act of 1991 - Amends Federal law to prohibit the use of proceeds of Treasury obligations to lend any amount to a newly established Government-related corporation, unless: (1) such corporation is a designated qualified corporation; or (2) such borrowing is approved in advance in an appropriations Act.

Directs the Secretary of the Treasury to report annually to the Congress on the impact of the issuance or guarantee of Government-related corporation securities: (1) on the interest rate and discount amount of certain obligations issued by the Secretary; and (2) on the marketability of such obligations.