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HR 2610 102th Congress House Finance and Financial Sector Bank failures Budget deficits Credit unions Emergency Management Federal budgets Federally-guaranteed loans Government lending Off-budget expenditures Rhode Island

Rhode Island Emergency Assistance Act of 1991

Introduced: June 11, 1991 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 17, 1991
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Jun 11, 1991
Referred to the House Committee on Banking, Finance + Urban Affrs.
Jun 11, 1991
Introduced in House
 Plain-English summary Congressional Research Service

Rhode Island Emergency Assistance Act of 1991 - Requires the Director of the Federal Emergency Management Agency (the Director) to lend specified sums to the State of Rhode Island to expedite the repayment of depositors at State-chartered banks and credit unions in receivership, and to facilitate receivership resolution. Establishes an annual six percent interest rate on such loans. Requires the Director to guarantee the repayment of specified maximum amounts borrowed by the State of Rhode Island, or the Depositors Economic Protection Corporation to expedite depositor repayment. Authorizes appropriations.

Designates this Act as an emergency requirement for purposes of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), and declares that the President is deemed to have designated each provision of this Act as an emergency requirement for purposes of Gramm-Rudman-Hollings.

What's happening now June 17, 1991

Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1