A bill to prohibit certain RTC asset sales.

Summary

Amends the Federal Home Loan Bank Act to prohibit the Resolution Trust Corporation from selling the assets of a failed financial institution to persons who engaged in certain activities including defaulting on an obligation exceeding $1,000,000 to a failed institution and proposing to purchase the assets through the Corporation or an insured institution under its jurisdiction.

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

Timeline

1. 3 August 1990

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 3 August 1990

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 3 August 1990

  Open at official source

Sponsors

• Sen. Leahy, Patrick J. [D-VT] · D · Sponsor
• · ssbk00 · Standing

Related records

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