A joint resolution directing the Depository Institutions Deregulation Committee to pursue policies to promote the safety and soundness of financial institutions.

Summary

Directs the Depository Institutions Deregulation Committee to: (1) review its rule creating a new IRA-Keogh account with a minimum maturity of one and one-half years; (2) refrain from all further actions which increase the cost of funds to depository institutions until it unanimously finds that stability is restored to financial markets, or until December 31, 1982, whichever is earlier; and (3) work toward establishing a deregulation framework conducive to the long-term viability of all depository institutions.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 19 November 1981

  Open at official source

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