Depository Institutions Disaster Relief Act of 1992

Summary

Depository Institutions Disaster Relief Act of 1992 - Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to cite conditions under which real property-related transactions located within a presidentially declared national disaster area may be exempted from the Act's appraisal requirements. Amends the Truth in Lending Act and the Expedited Funds Availability Act to authorize the Board of Governors of the Federal Reserve System to make additional exceptions to the requirements of such Acts with respect to institutions located within national disaster areas if it determines that the exception can reasonably be expected to produce benefits to the public that outweigh possible adverse effects. Prescribes conditions under which the leverage limit formula prescribed under the Federal Deposit Insurance Act, and specified publication requirements pursuant to the Administrative Procedure Act, may be modified for insured depository institutions located in such disaster areas. Amends the Revised Statutes and the Federal Reserve Act to authorize national banking associations and State member banks, respectively, to make investments primarily designed to promote the welfare of low- and moderate-income communities or families. Prescribes permissible liability parameters. Expresses the sense of the Congress that specified Federal regulatory agencies should encourage depository institutions located in certain major national disaster areas to meet the financial services needs of their communities.

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

Timeline

1. 29 September 1992

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 29 September 1992

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · — · Download file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 29 September 1992

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Riegle, Donald W., Jr. [D-MI] · D · Sponsor
• Sen. Garn, E. J. (Jake) [R-UT] · R · Sponsor
• Sen. Graham, Bob [D-FL] · D · Sponsor
• Sen. Mack, Connie, III [R-FL] · R · Sponsor
• Sen. Breaux, John B. [D-LA] · D · Sponsor
• Sen. Inouye, Daniel K. [D-HI] · D · Sponsor
• Sen. Akaka, Daniel K. [D-HI] · D · Sponsor
• · ssbk00 · Standing

Related records

• related to → Depository Institutions Disaster Relief Act of 1992