HR 5043 · 102th Congress · Finance and Financial Sector

Bank Lending Stimulus Act

Introduced 1992-04-30· Sponsored by Rep. Kennedy, Joseph P., II [D-MA-8]· 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.(1992-05-15)

Plain Language Summary

[AI summary unavailable — showing source text] Bank Lending Stimulus Act - Establishes an 18-month moratorium during which a Federal banking regulatory agency is prohibited from imposing or enforcing upon an adequately capitalized insured bank any leverage limit which requires a ratio of tangible equity to total assets greater than three percent. Cites exceptions for insured banks with insufficient loan loss reserves, or operating in an unsafe or unsound manner.…

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