HR 3422
102th Congress
House
Finance and Financial Sector
Auditing
Bank directors
Bank failures
Conflict of interests
Delegation of powers
Federal employees
Financial statements
Government corporations
Government procurement
Labor and Employment
Legal fees
Privatization
Savings and loan associations
Trusts and trustees
Resolution Trust Corporation Reform and Accountability Act of 1991
Introduced: September 26, 1991
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 15, 1991
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Sep 26, 1991
Referred to the House Committee on Banking, Finance + Urban Affrs.
Sep 26, 1991
Introduced in House
Plain-English summary
Resolution Trust Corporation Reform and Accountability Act of 1991 - Amends the Federal Home Loan Bank Act to direct the Secretary of the Treasury to provide specified additional funding to the Resolution Trust Corporation (RTC).
Suspends RTC funding upon failure to provide certain financial statements.
Limits RTC legal services payments.
Prohibits RTC employment of certain former savings association directors and officers.
Repeals the provision permitting the use of brokered deposits for certain conservatorships.
Directs the General Accounting Office to conduct an RTC privatization study.
What's happening now
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Committees of jurisdiction
2