HR 4851 · 101th Congress · Finance and Financial Sector

Financial Institutions Oversight Reform Act of 1990

Introduced 1990-05-17· Sponsored by Rep. Gradison, Willis D., Jr. [R-OH-2]· 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.(1990-06-01)

Plain Language Summary

[AI summary unavailable — showing source text] Financial Institutions Oversight Reform Act of 1990 - Title I: Restructuring of Depository Institution Regulation - Subtitle A: Responsibilities of Department of the Treasury - Establishes within the Department of the Treasury: (1) a Deputy Secretary of the Treasury for Financial Institutions to exercise regulatory powers over insured depository institutions; (2) the Federal Deposit Insurance Corporation; (3) the Thrift Resolution Agency; and (4) the Office for Depository Institution Data Analysis which shall notify the Deputy Secretary of the Treasury for Financial Institutions of grounds for the appointment of a conservator or receiver for an insured depository institution. Subtitle B: Reconstitution of Certain Banking Agencies - Amends the Federal Deposit Insurance Act to provide that the management of the Federal Deposit Insurance Corporation (FDIC) shall be vested in an Administrator subject to the oversight of the Secretary of the Treasury. Amends the Federal Home Loan Bank Act to abolish the Oversight Board. Establishes the Thrift Resolution Agency (TRA) in the Department of the Treasury as successor to the Resolution Trust Corporation. Abolishes the FSLIC Resolution Fund an…

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

Cosponsors (5)

5 Republicans