Federal Savings and Loan Insurance Corporation Recapitalization Amendments of 1988

Summary

Federal Savings and Loan Insurance Corporaton Recapitalization Amendments of 1988 - Amends the Federal Home Loan Bank Act to increase the limitation on outstanding obligations of the Financing Corporation. Repeals the annual limitation on net new borrowing by the Corporation after its first year. Amends the National Housing Act to limit the aggregate outstanding balance on promissory notes issued by the Federal Savings and Loan Insurance Corporation (FSLIC). Expresses the sense of the Congress that the Federal Home Loan Bank Board should rely primarily on raising funds through the Financing Corporation to provide assistance through the FSLIC to resolve cases of failed or failing thrift institutions.

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Timeline

1. 30 September 1988

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 30 September 1988

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 September 1988

   Introduced

   Introduced in House

   Source: IntroReferral

4. 5 October 1988

   Reported

   Ordered to be Reported (Amended).

   Source: Committee

5. 5 October 1988

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 30 September 1988

  Open at official source

Sponsors

• Rep. LaFalce, John J. [D-NY-29] · D · Sponsor
• Rep. Wortley, George C. [R-NY-27] · R · Sponsor
• Rep. Roukema, Marge [R-NJ-5] · R · Sponsor
• Rep. Bartlett, Steve [R-TX-3] · R · Sponsor
• · hsba00 · Standing

Related records

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