S 795 · 99th Congress · Finance and Financial Sector
A bill to amend section 13(i) of the Federal Deposit Insurance Act.
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Subcommittee on Financial Institutions. Hearings held. Hearings printed: S.Hrg. 99-94.(1985-04-26)
Plain Language Summary
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Amends the Federal Deposit Insurance Act to authorize the Federal Deposit Insurance Corporation to use its authority under the Net Worth Certificate Act to purchase net worth certificates of certain qualified financial institutions which have made more than 20 percent of their loans for agricultural purposes. Revises capital to adjusted total asset ratio requirements for such qualified institutions.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (4)
3 Democrats1 Republican