Energy Incentives and Agricultural Financial Resources Act of 1986

[AI summary unavailable — showing source text] Energy Incentives and Agricultural Financial Resources Act of 1986 - Title I: Sense of Congress on Tax Reform Provisions Which Detrimentally Affect the Petroleum Industry - Declares that it is the sense of the Congress that retention of current income tax provisions relating to the petroleum industry is necessary to provide capital formation for the industry. Urges elimination of any provision of the Tax Reform Act of 1985 (H.R. 3838) or of any similar tax reform legislation which would detrimentally affect the oil depletion allowance, the deduction for intangible drilling and development costs, the credit for producing fuel from a nonconventional source, or other tax provisions favorable to the petroleum industry. Title II: Federal Banking Agency Cooperation with Troubled Banks and Thrift Institutions - Amends the Federal Deposit Insurance Act to revise provisions concerning the extraordinary acquisition of troubled banks and thrift institutions. Authorizes an in-State or out-of-State bank holding company or savings and loan holding company to: (1) establish a newly chartered bank in a State where an insured bank with total assets of $250,000,000 or more is closed or is in danger …