A bill to provide additional authority to the Board of Directors of the Federal Deposit Insurance Corporation to assist the Board in maintaining the stability of insured banks.

referredUnited States· United States Congress· EN

Introduced

15 December 1981

Last action

—

Status

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

Summary

Amends the Federal Deposit Insurance Act to authorize the Federal Deposit Insurance Corporation, upon such terms and conditions as the Board of Directors of the Corporation may prescribe, to make loans to, purchase the assets or stock of, or make deposits in an insured bank: (1) in order to prevent it from closing or to reopen it; or (2) upon the application of such bank.

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Documents

1 official file

Introduced in House
summary · EN · 15 December 1981
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/5232
Open data entity: https://api.congress.gov/v3/bill/97/hr/5232