Credit Crunch Relief Act of 1993

Summary

Credit Crunch Relief Act of 1993 - Amends the Federal Deposit Insurance Act to exempt from certain loan documentation review requirements a loan to a small business or small farm that is identified by an eligible depository institution as a qualifying loan. Provides loan limitation amounts for such qualifying loans, allowing for certain adjustments. Directs the President to: (1) conduct a thorough review and evaluation of all statutory and regulatory provisions affecting insured depository institutions; and (2) if determined appropriate, suspend the applicability of any Federal law or regulation or guideline promulgated by a Federal banking agency affecting such insured depository institutions. Requires Federal Register publication of such an order, as well as congressional notification. Prohibits a new regulation from being promulgated by a Federal banking agency until the agency has conducted a regulatory impact analysis and arrived at certain positive conclusions with respect to the costs and benefits of such regulation. Amends the Community Reinvestment Act of 1977 to presume compliance with meeting credit needs for a regulated financial institution that has received satisfactory or outstanding ratings in its most recent written evaluation. Amends the Federal Deposit Insurance Corporation Improvement Act of 1991 to extend until January 1, 1996, the required promulgation of final standards for insured depository institution operational and managerial safety and soundness. Requires each Federal banking agency to: (1) conduct a survey of financial services users to determine awareness and benefits of Federal banking laws; and (2) report to specified congressional committees on survey results.

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Timeline

1. 24 June 1993

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 24 June 1993

   Introduced

   Sponsor introductory remarks on measure. (CR S8086-8088)

   Source: IntroReferral

3. 24 June 1993

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 24 June 1993 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 24 June 1993

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 24 June 1993

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 24 June 1993

  Open at official source

Sponsors

• Sen. Dole, Robert J. [R-KS] · R · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• Sen. Domenici, Pete V. [R-NM] · R · Cosponsor
• Chuck Grassley · R · Cosponsor
• Rep. Gregg, Judd [R-NH-2] · R · Cosponsor
• Sen. Wallop, Malcolm [R-WY] · R · Cosponsor
• Rep. Lott, Trent [R-MS-5] · R · Cosponsor
• Sen. Bennett, Robert F. [R-UT] · R · Cosponsor
• Sen. Burns, Conrad R. [R-MT] · R · Cosponsor
• Sen. Thurmond, Strom [R-SC] · R · Cosponsor
• · ssbk00 · Standing

Related records

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