HR 1676 · 103th Congress · Finance and Financial Sector

RTC Fiscal Accountability Act of 1993

Introduced 1993-04-02· Sponsored by Rep. Grams, Rod [R-MN-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.(1993-04-30)

Plain Language Summary

[AI summary unavailable — showing source text] RTC Fiscal Accountability Act of 1993 - Amends the Federal Home Loan Bank Act to condition authorization of appropriations to the Resolution Trust Corporation (RTC) upon transmittal by the President to the Congress of a plan to finance RTC losses incurred after enactment of the Resolution Trust Corporation Conditional Funding Act of 1993: (1) by paying for such losses over a five-year period; and (2) without any increase in either the Federal debt or in tax revenues or revenue enhancements.…

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

Cosponsors (10)

10 Republicans