HR 3422 · 102th Congress · Finance and Financial Sector

Resolution Trust Corporation Reform and Accountability Act of 1991

Introduced 1991-09-26· Sponsored by Rep. Bacchus, Jim [D-FL-11]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.(1991-10-15)

Plain Language Summary

[AI summary unavailable — showing source text] Resolution Trust Corporation Reform and Accountability Act of 1991 - Amends the Federal Home Loan Bank Act to direct the Secretary of the Treasury to provide specified additional funding to the Resolution Trust Corporation (RTC). Suspends RTC funding upon failure to provide certain financial statements. Limits RTC legal services payments. Prohibits RTC employment of certain former savings association directors and officers. Repeals the provision permitting the use of brokered deposits for certain conservatorships. Directs the General Accounting Office to conduct an RTC privatization study.…

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

Cosponsors (15)

14 Democrats1 Republican
Rep. Cox, John W., Jr. [D-IL-16]IL
Rep. Annunzio, Frank [D-IL-11]IL
Rep. Mrazek, Robert J. [D-NY-3]NY
Rep. Frank, Barney [D-MA-4]MA
Rep. Luken, Charles [D-OH-1]OH
Rep. Neal, Richard E. [D-MA-2]MA
Rep. Riggs, Frank [R-CA-1]CA
Rep. Moran, James P. [D-VA-8]VA
Rep. Dooley, Calvin M. [D-CA-17]CA
Rep. Cramer, Robert E. (Bud), Jr. [D-AL-5]AL
Rep. Roemer, Tim [D-IN-3]IN
Rep. Kaptur, Marcy [D-OH-9]OH
Rep. Swett, Dick [D-NH-2]NH
Rep. Lipinski, William O. [D-IL-5]IL
Rep. Smith, Lawrence [D-FL-16]FL