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What did the Emergency Banking Act allow the government to do?

User Fengya Li
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Answer:

The act expanded the president's regulatory authority over the nation's banking system, granted the comptroller of the currency the power to restrict the operations of banks with impaired assets, and gave the Federal Reserve Board the authority to issue emergency currency backed by assets of a commercial bank.

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sorry for the long answer but it should make more this way.

User Kirill Cherepanov
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Answer:

The act expanded the president's regulatory authority over the nation's banking system, granted the comptroller of the currency the power to restrict the operations of banks with impaired assets, and gave the Federal Reserve Board the authority to issue emergency currency backed by assets of a commercial bank.

Step-by-step explanation: