HR 4894 · 100th Congress · Finance and Financial Sector

A bill to establish a commission to be known as the National Thrift Institutions Commission.

Introduced 1988-06-22· Sponsored by Rep. Parris, Stanford E. (Stan) [R-VA-8]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Subcommittee Hearings Held.(1988-08-02)

Plain Language Summary

[AI summary unavailable — showing source text] Establishes the National Thrift Institutions Commission. Requires the Commission to conduct a continuing study, investigation, and review of: (1) the stability of the Federal Savings and Loan Insurance Corporation (FSLIC); (2) the recapitalization plan of the FSLIC as enacted by the Competitive Equality Banking Act of 1987; and (3) the stability of the thrift industry as a separately regulated industry. Requires the Commission to make specific recommendations regarding: (1) methods to improve the stability of the FSLIC; and (2) methods to enhance the capital adequacy and overall stability of the thrift industry. Requires the Commission to submit a final report to the President and the Congress on April 1, 1989. Authorizes the President to extend the date for the submission of such report to May 1, 1989. Limits the total expenses of the Commission. Terminates the Commission 30 days after submission of its final report.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (11)

1 Democrat10 Republicans