United States · Bill · HR
H.R. 5544 (102nd)
Resolution Trust Corporation Cost Reduction Act
Introduced
2 July 1992
Last action
—
Status
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Sponsors
—
Subjects
Discovery layer
Source updated
26 August 2025
Summary
Resolution Trust Corporation Cost Reduction Act - Prohibits the Resolution Trust Corporation (RTC) from delaying the closing of any savings association for which it has been appointed conservator or receiver because it lacks the funds to pay off insured deposits at the association. Authorizes the RTC to issue notes to insured depositors for the amount by which their deposit at a savings association in RTC receivership or conservatorship exceeds available RTC financial resources if it lacks sufficient resources to pay its obligations on those deposits.
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Votes
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Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 2 July 1992
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/102nd-congress/house-bill/5544
- Open data entity: https://api.congress.gov/v3/bill/102/hr/5544