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S. 1151 103rd Congress Senate

Credit Crunch Relief Act of 1993

Official title: A bill to facilitate the flow of credit to small business by easing certain regulatory burdens on depository institutions, to require analysis of such burdens … Show full official titleShow less

Official title: A bill to facilitate the flow of credit to small business by easing certain regulatory burdens on depository institutions, to require analysis of such burdens and their effectiveness, and for other purposes.

Introduced: June 30, 1993 See on congress.gov
Finance and Financial Sector Administrative procedureAgricultural creditAgricultural economicsBank capital
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Bank examinationBank holding companiesBank loansBank recordsCommunity development bankingCongressional reporting requirementsConsumer creditCreditEconomic impact statementsExecutive ordersFinancial deregulationGovernment paperworkRegulatory impact statementsSavings and loan associationsSmall businessSmall farmsSurveys
This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) 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
Jun 24, 1993
Read twice and referred to the Committee on Banking.
Jun 24, 1993
Sponsor introductory remarks on measure. (CR S8086-8088)
Jun 24, 1993
Introduced in Senate
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 Latest action June 24, 1993

Read twice and referred to the Committee on Banking.

 Plain-English summary Congressional Research Service

Credit Crunch Relief Act of 1993 - Amends the Federal Deposit Insurance Act to exempt from certain loan documentation review requirements a loan to a small business or small farm that is identified by an eligible depository institution as a qualifying loan. Provides loan limitation amounts for such qualifying loans, allowing for certain adjustments.

Directs the President to: (1) conduct a thorough review and evaluation of all statutory and regulatory provisions affecting insured depository institutions; and (2) if determined appropriate, suspend the applicability of any Federal law or regulation or guideline promulgated by a Federal banking agency affecting such insured depository institutions. Requires Federal Register publication of such an order, as well as congressional notification. Prohibits a new regulation from being promulgated by a Federal banking agency until the agency has conducted a regulatory impact analysis and arrived at certain positive conclusions with respect to the costs and benefits of such regulation.

Amends the Community Reinvestment Act of 1977 to presume compliance with meeting credit needs for a regulated financial institution that has received satisfactory or outstanding ratings in its most recent written evaluation.

Amends the Federal Deposit Insurance Corporation Improvement Act of 1991 to extend until January 1, 1996, the required promulgation of final standards for insured depository institution operational and managerial safety and soundness.

Requires each Federal banking agency to: (1) conduct a survey of financial services users to determine awareness and benefits of Federal banking laws; and (2) report to specified congressional committees on survey results.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1151: Credit Crunch Relief Act of 1993. 103rd Congress. Open America. https://openamerica.io/bill/103-S-1151/
MLA
"S. 1151: Credit Crunch Relief Act of 1993." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-S-1151/.
Bluebook (legal)
S. 1151, 103rd Cong. (2026), https://openamerica.io/bill/103-S-1151/.
Markdown link
[S. 1151: Credit Crunch Relief Act of 1993](https://openamerica.io/bill/103-S-1151/)
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