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  2. Federal Reserve Act and Related Statutes
  3. Economic Policy, Assignment of Claims, and Credit Controls
  4. EMERGENCY LOAN GUARANTEE ACT
  5. SECTION 2

SECTION 2—Establishment of the Board

There is created an Emergency Loan Guarantee Board (referred to in this Act as the “Board”) composed of the Secretary of the Treasury, as Chairman, the Chairman of the Board of Governors of the Federal Reserve System, and the Chairman of the Securities and Exchange Commission. Decisions of the Board shall be made by majority vote.
[15 USC 1841.]
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