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HR 3422 102th Congress House

Resolution Trust Corporation Reform and Accountability Act of 1991

Official title: To provide additional resources to the Resolution Trust Corporation subject to various conditions, to establish additional operating requirements for such Corporation, and for other purposes.

Introduced: October 1, 1991 See on congress.gov
Finance and Financial Sector AuditingBank directorsBank failuresConflict of interests
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Delegation of powersFederal employeesFinancial statementsGovernment corporationsGovernment procurementLabor and EmploymentLegal feesPrivatizationSavings and loan associationsTrusts and trustees
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action October 15, 1991

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

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 2
LIPINSKI, WILLIAM
· Oct 22, 1991
 D
Kaptur, Marcy
Ohio · Oct 1, 1991
DOOLEY, CAL
· Sep 26, 1991
 D
Neal, Richard E.
Massachusetts · Sep 26, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3422: Resolution Trust Corporation Reform and Accountability Act of 1991. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-3422/
MLA
"H.R. 3422: Resolution Trust Corporation Reform and Accountability Act of 1991." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-3422/.
Bluebook (legal)
H.R. 3422, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-3422/.
Markdown link
[H.R. 3422: Resolution Trust Corporation Reform and Accountability Act of 1991](https://openamerica.io/bill/102-HR-3422/)
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