S 987 · 102th Congress · Finance and Financial Sector

Qualified Thrift Lender Reform Act of 1991

Introduced 1991-05-07· Sponsored by Sen. Kassebaum, Nancy Landon [R-KS]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking.(1991-05-07)

Plain Language Summary

[AI summary unavailable — showing source text] Qualifed Thrift Lender Reform Act of 1991 - Amends the Home Owners' Loan Act (as in effect on July 1, 1991) with regard to the qualified thrift lender test to: (1) increase required liquidity requirements; (2) include among qualifying assets stock issued by Federal home loan banks, the Federal Home Loan Mortgage Corporation, or the Federal National Mortgage Association; (3) increase qualifying consumer assets; and (4) determine the required 70 percent thrift investment-portfolio investment ratio on a monthly (rather than daily or weekly) basis.…

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

Cosponsors (1)

1 Republican
Sen. Garn, E. J. (Jake) [R-UT]UT