To provide additional resources to the Resolution Trust Corporation subject to various conditions, to establish additional operating requirements for such Corporation, and for other purposes.

Summary

Official

Resolution Trust Corporation Reform and Accountability Act of 1991 - Amends the Federal Home Loan Bank Act to direct the Secretary of the Treasury to provide specified additional funding to the Resolution Trust Corporation (RTC). Suspends RTC funding upon failure to provide certain financial statements. Limits RTC legal services payments. Prohibits RTC employment of certain former...

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Bill Progress

Committee is reviewing, marking up, or holding hearings on the bill

Introduced(9/26/91)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. BACCHUS

(D) FL – 15

Cosponsors (15)

SWETT

(D) NH

FRANK

(D) MA

COX

(D) IL

LUKEN

(D) OH

MRAZEK

(D) NY

MORAN

(D) VA

SMITH

(D) FL

CRAMER

(D) AL

ROEMER

(D) IN

DOOLEY

(D) CA

Topics

Employment

Latest Action

Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

Oct 15, 1991