To amend the Federal Deposit Insurance Act to clarify provisions intended to protect the Corporation from having bank loans or other assets diluted by secret side agreements.

Summary

Amends the Federal Deposit Insurance Act to provide that any agreement which tends to diminish or defeat the interest of the Federal Deposit Insurance Corporation in any asset it has acquired as security for a loan, by purchase, or as receiver of an insured depository institution (and which does not meet certain additional statutory requirements), shall neither form the basis of, nor substantially comprise, a claim against the receiver or the Corporation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 24 March 1994

   Introduced

   Referred to the House Committee on Banking, Finance + Urban Affrs.

   Source: IntroReferral

2. 24 March 1994

   Introduced

   Sponsor introductory remarks on measure. (CR E567-568)

   Source: IntroReferral

3. 24 March 1994

   Introduced

   Introduced in House

   Source: IntroReferral

4. 24 March 1994

   Introduced

   Introduced in House

   Source: IntroReferral

5. 7 April 1994

   Referred

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

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 24 March 1994 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 March 1994

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 24 March 1994

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 24 March 1994

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. McCollum, Bill [R-FL-8] · R · Sponsor
• Rep. Deutsch, Peter [D-FL-20] · D · Sponsor
• Rep. Torkildsen, Peter G. [R-MA-6] · R · Sponsor
• Rep. Rowland, J. Roy [D-GA-8] · D · Sponsor
• Rep. Fowler, Tillie [R-FL-4] · R · Cosponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Cosponsor
• · hsba00 · Standing

Related records

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