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HR 4234 102th Congress House Finance and Financial Sector Bank capital Credit Housing and Community Development Mortgage loans Savings and loan associations Standards

Credit Availability Act

Introduced: February 18, 1992 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 31, 1992
Subcommittee Hearings Held.
Mar 3, 1992
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Feb 18, 1992
Referred to the House Committee on Banking, Finance + Urban Affrs.
Feb 18, 1992
Introduced in House
 Plain-English summary Congressional Research Service

Credit Availability Act - Amends the Home Owners' Loan Act to postpone until after December 31, 1996, the requirement that capital standards for savings associations be no less stringent than those for national banks.

Mandates that the leverage limit for a savings association shall maintained, until January 1, 1997, at a core capital that is equal to (currently, not less than) three percent of its total assets.

Declares that, until January 1, 1997, certain risk-based capital requirements shall be 90 percent of the risk-based capital requirements applicable to national banks.

Outlines the eligibility criteria under which the Director of the Office of Thrift Supervision may grant exemptions from the statutory capital standards for savings associations.

What's happening now March 31, 1992

Subcommittee Hearings Held.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1