HR 3627 · 101th Congress · Finance and Financial Sector

Resolution Trust Corporation Assets Disposal Act of 1989

Introduced 1989-11-08· Sponsored by Rep. Watkins, Wes [D-OK-3]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.(1989-11-15)

Plain Language Summary

[AI summary unavailable — showing source text] Resolution Trust Corporation Assets Disposal Act of 1989 - Amends the Federal Home Loan Bank Act to outline the strategies the Resolution Trust Corporation must use in disposing of assets located in economically distressed areas. Amends the Internal Revenue Code to exclude from the gross income of individuals dividends received from qualified savings and loan real estate investment trusts whose sole purpose is the acquisition of multifamily housing projects from the Resolution Trust Corporation or the FSLIC Resolution Fund. Modifies the restrictions placed upon corporate deductions for dividends received from a qualified savings and loan real estate investment trust.…

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