Rhode Island Emergency Assistance Act of 1991
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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.
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
- Introduced in House Formatted Text
Cite this page
U.S. Congress. (2026). H.R. 2610: Rhode Island Emergency Assistance Act of 1991. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-2610/
"H.R. 2610: Rhode Island Emergency Assistance Act of 1991." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-2610/.
H.R. 2610, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-2610/.
[H.R. 2610: Rhode Island Emergency Assistance Act of 1991](https://openamerica.io/bill/102-HR-2610/)