To extend the statute of limitations applicable to civil actions brought by the Federal conservator or receiver of a failed depository institution.

Summary

Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to extend from three years to six years the statute of limitations applicable to civil actions for negligence and fraud on the part of the personnel of insured depository institutions. Provides for a preservation of claims period if an institution or its predecessors could have brought an action on the claim at any time within the six-year period before the appointment of a Federal conservator or receiver.

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

Timeline

1. 16 June 1992

   Introduced

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

   Source: IntroReferral

2. 16 June 1992

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 June 1992

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 July 1992

   Referred

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

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 June 1992

  Open at official source

Sponsors

• Rep. Vento, Bruce F. [D-MN-4] · D · Sponsor
• · hsba00 · Standing

Related records

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