United States · Amendment · HAMDT

HAMDT 374 (102nd)

Amendments en bloc: (1) allow regulators greater flexibility in the requirement to close an institution when it's capital level falls below 2 %; (2) provide the FDIC flexibility in granting a waiver of the requirement that members of boards of directors of institutions receiving federal assistance be removed; (3) prohibit individuals whose employment depends on a bank from also serving on the bank's board of directors; (4) require institutions to increase commitments in distressed communities in order to receive credits under the Bank Enterprise Program; (5) establish a three-year FDIC affordable housing program; (6) prohibit federal examiners from adversely evaluating loans or investments soley because the loans are in real estate; and (7) revise the loan guarantee provisions for the Rhode Island Deposit Insurance Fund.

Housing