Later in 1790, Hamilton issued another set of recommendations in his Second Report on Public Credit. The report called for the establishment of a national bank and an excise tax on distilled spirits. Hamilton's proposed national bank would provide credit to fledgling industries, serve as a depository for government funds, and oversee one nationwide currency. In response to Hamilton's proposal, Congress passed the Bank Bill of 1791, establishing the First Bank of the United States. Madison and Attorney General Randolph lobbied Washington to veto the bill as unconstitutional extension of the federal government's authority. Washington, having ten days to sign or veto the bill, sent their objections to Hamilton for comment. Hamilton persuasively argued that the Constitution granted Congress the power to establish the national bank. He asserted that the Constitution guaranteed "implied as well as express powers", and that government would be paralyzed should the latter not be acknowledged and exercised. After receiving Hamilton's letter, Washington still harbored some doubts, but he nonetheless signed the bill into law that evening.