HR 797 · 101th Congress · Finance and Financial Sector

Federal Deposit Insurance Reform Act of 1989

Introduced 1989-02-02· Sponsored by Rep. Kleczka, Gerald D. [D-WI-4]· 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.(1989-02-15)

Plain Language Summary

[AI summary unavailable — showing source text] Federal Deposit Insurance Reform Act of 1989 - Amends the National Housing Act to remove the Federal Savings and Loan Insurance Corporation (FSLIC) from the Federal Home Loan Bank Board (FHLBB). Places the FSLIC under the direction of the Federal Deposit Insurance Corporation (FDIC). Specifies that all functions and activities of the FSLIC relating to the regulation of savings and loan holding companies shall be transferred to the FHLBB. Expands the membership of the FDIC Board of Directors to include the Chairman of the Federal Home Loan Bank Board and an additional public member.…

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

Cosponsors (3)

3 Democrats
Rep. Kaptur, Marcy [D-OH-9]OH
Rep. Frank, Barney [D-MA-4]MA
Rep. Hughes, William J. [D-NJ-2]NJ