From March 9 to June 16, 1933, Congress enacted all of Roosevelt's proposals. Among the bills passed was one creating the Tennessee Valley Authority, which would build dams and power plants and in many other ways salvage a vast, impoverished region. The Securities Exchange Act gave the Federal Trade Commission broad new regulatory powers, which in 1934 were passed on to the newly created Securities and Exchange Commission. The Home Owners Loan Act established a corporation that refinanced one of every five mortgages on urban private residences. Other bills passed during the Hundred Days, as well as subsequent legislation, provided aid for the unemployed and the working poor and attacked the problems of agriculture and business
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