A bill to establish a National Commission on the Thrift Industry.

Summary

Establishes the National Commission on the Thrift Industry. Requires the Commission to conduct an investigation and evaluation of, and to report and make recommendations on: (1) the current and future financial condition of the Federal Savings and Loan Insurance Corporation (FSLIC) and its ability to eliminate the inventory of troubled thrifts; (2) sources of income for the FSLIC should the Commission determine that current resources will be insufficient to eliminate the inventory of troubled thrifts; (3) problems in the structure of the deposit insurance system; (4) options for reform and restructuring of the thrift industry; (5) future methods of increasing capital levels in the thrift industry; and (6) the current and future ability of the thrift industry to serve as a source of home mortgage credit. Requires the Commission to submit a final report to the President and the Congress on March 1, 1989. Specifies that such report shall contain the Commission's findings and conclusions, including its recommendations for administrative and legislative action. Specifies that any expenses of the Commission shall be paid by the Secretary of the Treasury. Limits the total expenses of the Commission. Directs the Comptroller General to audit and report to the Congress on Commission expenditures. Terminates the Commission 30 days after submission of its final report.

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Documents

4 official files

• Passed House amended

  summary · EN · 6 October 1988

  Open at official source

• Passed Senate amended

  summary · EN · 23 September 1988

  Open at official source

• Reported to Senate with amendment(s)

  summary · EN · 5 August 1988

  Open at official source

• Introduced in Senate

  summary · EN · 25 July 1988

  Open at official source

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