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United States · Law · HR

H.R. 6050 (102nd)

Depository Institutions Disaster Relief Act of 1992

enactedUnited States· United States Congress· EN

Introduced

29 September 1992

Last action

23 October 1992 · President

Status

Became Public Law No: 102-485.

Sponsors

Rep. Gonzalez, Henry B. [D-TX-20], Rep. Wylie, Chalmers P. [R-OH-15], Rep. Annunzio, Frank [D-IL-11], Rep. Bacchus, Jim [D-FL-11], Rep. McCollum, Bill [R-FL-8], Rep. Baker, Richard H. [R-LA-6]

Subjects

Discovery layer

Source updated

6 February 2024

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

    Referred to the House Committee on Banking, Finance + Urban Affrs.

    Source: IntroReferral

  2. 29 September 1992

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 29 September 1992

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 3 October 1992

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  5. 3 October 1992

    Passed

    On motion to suspend the rules and pass the bill Agreed to by voice vote.

    Source: Floor

  6. 3 October 1992

    Passed

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.

    Source: Floor

  7. 3 October 1992

    Floor

    DEBATE - The House proceeded with forty minutes of debate.

    Source: Floor

  8. 3 October 1992

    Floor

    Considered under suspension of the rules.

    Source: Floor

  9. 3 October 1992

    Floor

    Mr. Gonzalez moved to suspend the rules and pass the bill.

    Source: Floor

  10. 5 October 1992

    Introduced

    Received in the Senate, read twice.

    Source: IntroReferral

  11. 8 October 1992

    Passed

    Passed Senate without amendment by Voice Vote.

    Source: Floor

  12. 8 October 1992

    Passed

    Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.

    Source: Floor

  13. 13 October 1992

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  14. 16 October 1992

    Floor

    Presented to President.

    Source: Floor

  15. 16 October 1992

    President

    Presented to President.

    Source: President

  16. 23 October 1992

    Became law

    Became Public Law No: 102-485.

    Source: President

  17. 23 October 1992

    Became law

    Signed by President.

    Source: BecameLaw

  18. 23 October 1992

    President

    Signed by President.

    Source: President

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Received in Senate (text)

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  • Received in Senate (text)

    Received in Senate · EN

    ViewDownloadOpen at official source

  • Introduced in House (text)

    Introduced in House · EN

    ViewDownloadOpen at official source

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  • Enrolled Bill (text)

    Enrolled Bill · EN

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  • Engrossed in House (text)

    Engrossed in House · EN

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  • Public Law (PDF)

    Public Law · EN · 24 October 1992

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  • Introduced in House

    summary · EN · 29 September 1992

    Open at official source

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Sponsors

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