The first session of Congress, known as the "Hundred Days," took place before the regular seating and was called by President Roosevelt specifically to pass two acts:
March 9, 1933: The Emergency Banking Act (ch. 1, ) was enacted within four hours of its introduction. It was prompted by the "bank holiday" and was the first step in Roosevelt's "first hundred days" of the New Deal. The Act was drafted in large part by officials appointed by the Hoover administration. The bill provided for the Treasury Department to initiate reserve requirements and a federal bailout to large failing institutions. It also removed the United States from the Gold Standard. All banks had to undergo a federal inspection to deem......