Resolution Trust Corporation Completion Act

Summary

Thrift Depositor Protection Act of 1993 - Amends the Federal Home Loan Bank Act to provide additional funding to the Resolution Trust Corporation (RTC), up to designated limits. Releases such funds in specified stages, subject to certification to the Congress by the Chairperson of the Thrift Depositor Protection Oversight Board (the Chairperson) that a specified program tailored to curb RTC waste, fraud, and abuse has been implemented. Amends the Federal Deposit Insurance Act to provide additional funding to the Savings Association Insurance Fund (SAIF), up to designated limits. Authorizes the Secretary of the Treasury (the Secretary) to pay to SAIF or to the FSLIC Resolution Fund, for a certain period after RTC termination, any RTC funds that the Secretary determines are not required to meet its obligations. Conditions the release of SAIF funds in two stages upon certification by the Secretary to the Congress that: (1) the funds are needed; (2) the SAIF is being operated in an efficient manner; (3) it is implementing a program to prevent waste, if appropriate, fraud, and abuse in its operations; and (4) the FDIC is taking action, if appropriate, to correct problems identified in its most recent General Accounting Office audit. Amends the Federal Home Loan Bank Act to require the Chairperson to certify to certain congressional committees that the RTC is implementing an appeals procedure for non-defaulting businesses and commercial borrowers whose credit transactions have been adversely affected by RTC decisions. Directs the Secretary to submit to certain congressional committees final reports on the use of funds by the RTC and the SAIF.

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

Timeline

1. 25 March 1993

   Reported

   Committee on Banking ordered to be reported an original measure.

   Source: Committee

2. 1 April 1993

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 1 April 1993

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 53.

   Source: Calendars

4. 1 April 1993

   Reported

   Committee on Banking. Original measure reported to Senate by Senator Riegle. With written report No. 103-36. Additional views filed.

   Source: Committee

5. 1 April 1993

   Reported

   Committee on Banking. Original measure reported to Senate by Senator Riegle. With written report No. 103-36. Additional views filed.

   Source: Committee

6. 5 April 1993

   Floor

   Star Print ordered on Senate Report 103-36.

   Source: Floor

7. 12 May 1993

   Floor

   Measure laid before Senate. (consideration: CR S5804-5812)

   Source: Floor

8. 13 May 1993

   Floor

   Considered by Senate. (consideration: CR S5873-5895, S5897-5916)

   Source: Floor

9. 13 May 1993

   Vote

   Passed/agreed to in Senate: Passed Senate with amendments by Yea-Nay Vote. 61-35. Record Vote No: 121.

   Source: Floor

10. 18 May 1993

    Floor

    Held at the desk.

    Source: Floor

11. 18 May 1993

    Floor

    Message on Senate action sent to the House.

    Source: Floor

12. 18 May 1993

    Floor

    Received in the House.

    Source: Floor

13. 14 September 1993

    ResolvingDifferences

    The Speaker appointed conferees - from the Committee on Banking, Finance and Urban Affairs for consideration of the Senate bill, and the House amendment, and modifications committed to conference: Gonzalez, Neal (NC), LaFalce, Vento, Schumer, Frank (MA), Kanjorski, Kennedy, Flake, Leach, McCollum, Roukema, Bereuter, Roth, and Baker (LA).

    Source: ResolvingDifferences

14. 14 September 1993

    Passed

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

    Source: ResolvingDifferences

15. 14 September 1993

    Passed

    On motion that the House insist upon its amendments, and request a conference Agreed to by voice vote. (consideration: CR H6729)

    Source: ResolvingDifferences

16. 14 September 1993

    ResolvingDifferences

    Mr. Gonzalez moved that the House insist upon its amendments, and request a conference.

    Source: ResolvingDifferences

17. 14 September 1993

    Floor

    A similar measure H.R. 1340 was laid on the table without objection.

    Source: Floor

18. 14 September 1993

    Passed

    The title of the measure was amended to that of similar measure H.R. 1340. Agreed to without objection.

    Source: Floor

19. 14 September 1993

    Passed

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

    Source: Floor

20. 14 September 1993

    Passed

    On passage Passed without objection.

    Source: Floor

21. 14 September 1993

    Passed

    Passed/agreed to in House: On passage Passed without objection.

    Source: Floor

22. 14 September 1993

    Passed

    The House struck all after the enacting clause and inserted in lieu thereof the provisions of a similar measure H.R. 1340. Agreed to without objection.

    Source: Floor

23. 14 September 1993

    Floor

    Considered by motion.

    Source: Floor

24. 14 September 1993

    Passed

    On motion to consider Agreed to by voice vote. (consideration: CR H6724-6729)

    Source: Calendars

25. 14 September 1993

    Calendars

    Mr. Gonzalez moved to consider.

    Source: Calendars

26. 21 September 1993

    Floor

    Message on House action received in Senate and at desk: House amendments to Senate bill and House requests a conference.

    Source: Floor

27. 16 November 1993

    Passed

    Senate agreed to request for conference. Appointed conferees. Riegle; Sarbanes; Dodd; D'Amato; Gramm. (consideration: CR S15698)

    Source: ResolvingDifferences

28. 16 November 1993

    Passed

    Senate disagreed to the House amendments by Voice Vote.

    Source: Floor

29. 16 November 1993

    Passed

    Resolving differences -- Senate actions: Senate disagreed to the House amendments by Voice Vote.

    Source: NotUsed

30. 17 November 1993

    Floor

    Message on Senate action sent to the House.

    Source: Floor

31. 18 November 1993

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

32. 18 November 1993

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

33. 19 November 1993

    Reported

    Rules Committee Resolution H. Res. 317 Reported to House. Rule provides for consideration of the conference report to S. 714. Waiving all points of order against the conference report.

    Source: Floor

34. 19 November 1993

    ResolvingDifferences

    Conference report H. Rept. 103-380 filed. (text of conference report: CR H10162-10176)

    Source: ResolvingDifferences

35. 19 November 1993

    ResolvingDifferences

    Conference report filed: Conference report H. Rept. 103-380 filed.(text of conference report: CR H10162-10176)

    Source: ResolvingDifferences

36. 19 November 1993

    Passed

    Conferees agreed to file conference report.

    Source: ResolvingDifferences

37. 19 November 1993

    Passed

    Conference committee actions: Conferees agreed to file conference report.

    Source: ResolvingDifferences

38. 20 November 1993

    Vote

    Senate agreed to conference report by Yea-Nay Vote. 54-45. Record Vote No: 393. (consideration: CR S16705-16709)

    Source: ResolvingDifferences

39. 20 November 1993

    Vote

    Conference report agreed to in Senate: Senate agreed to conference report by Yea-Nay Vote. 54-45. Record Vote No: 393.(consideration: CR S16705-16709)

    Source: ResolvingDifferences

40. 21 November 1993

    Floor

    Message on Senate action sent to the House.

    Source: Floor

41. 22 November 1993

    ResolvingDifferences

    The previous question was ordered without objection.

    Source: ResolvingDifferences

42. 22 November 1993

    Passed

    Mr. Neal (NC) brought up conference report H. Rept. 103-380 by previously agreed to special order. (consideration: CR H10897-10904)

    Source: ResolvingDifferences

43. 22 November 1993

    Passed

    PERMISSION TO CONSIDER CONFERENCE REPORT - Mr. Neal asked unanimous consent that it be in order to consider the conference report, and that all points of order against the conference report be waived. Agreed to without objection.

    Source: Floor

44. 23 November 1993

    Vote

    On agreeing to the conference report Agreed to by recorded vote: 235 - 191, 1 Present (Roll no. 613). (consideration: 11/22/1003 CR H10905)

    Source: ResolvingDifferences

45. 23 November 1993

    Passed

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

    Source: ResolvingDifferences

46. 23 November 1993

    Vote

    Conference report agreed to in House: On agreeing to the conference report Agreed to by recorded vote: 235 - 191, 1 Present (Roll no. 613).(consideration: 11/22/1003 CR H10905)

    Source: ResolvingDifferences

47. 8 December 1993

    Floor

    Presented to President.

    Source: Floor

48. 8 December 1993

    President

    Presented to President.

    Source: President

49. 17 December 1993

    Became law

    Signed by President.

    Source: BecameLaw

50. 17 December 1993

    President

    Signed by President.

    Source: President

51. 17 December 1993

    Became law

    Became Public Law No: 103-204.

    Source: President

Votes

Versions

• Enrolled Bill · 23 November 1993 · Download file
• Engrossed Amendment House · 14 September 1993 · Download file
• Engrossed in Senate · 13 May 1993 · Download file
• Placed on Calendar Senate · 1 April 1993 · Download file

Documents

13 official files

• Public Law (PDF)

  Public Law · EN · 18 December 1993

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• Enrolled Bill (text)

  Enrolled Bill · EN · 23 November 1993

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• Enrolled Bill (PDF)

  Enrolled Bill · EN · 23 November 1993

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• Conference report filed in House

  summary · EN · 19 November 1993

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• Engrossed Amendment House (text)

  Engrossed Amendment House · EN · 14 September 1993

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• Engrossed Amendment House (PDF)

  Engrossed Amendment House · EN · 14 September 1993

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• Passed House amended

  summary · EN · 14 September 1993

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• Engrossed in Senate (text)

  Engrossed in Senate · EN · 13 May 1993

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• Engrossed in Senate (PDF)

  Engrossed in Senate · EN · 13 May 1993

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• Passed Senate amended

  summary · EN · 13 May 1993

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• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN · 1 April 1993

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• Placed on Calendar Senate (PDF)

  Placed on Calendar Senate · EN · 1 April 1993

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• Introduced in Senate

  summary · EN · 1 April 1993

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Sponsors

• Sen. Riegle, Donald W., Jr. [D-MI] · D · Sponsor
• · ssbk00 · Standing

Related records

• related to → Resolution Trust Corporation Completion Act
• related to → Waiving points of order against the conference report to accompany the bill (S. 714) to provide funding for the resolution of failed savings associations, and for other purposes.
• amends ← To clarify the Savings Association Insurance Fund provisions relating to certification requirements.
• amends ← To detail procedures for expediting the registration and contracting for selecting auctioneers for certain asset sales.
• amends ← In the nature of a substitute.
• amends ← To improve the cost-effectiveness of Federal property management.
• amends ← To require the General Accounting Office to verify the certifications made by the Secretary of the Treasury and the Chairperson of the Federal Deposit Insurance Corporation and making additional certifications.
• amends ← To require a report to the Congress concerning the collection of fines and restitution in cases involving savings association and bank fraud.
• amends ← To guarantee that the $1.00 in Federal spending cut promised to American taxpayers in return for each $3.23 in new taxes will actually occur by making the discretionary spending totals proposed by the President and adopted by the Congress binding and enforceable.
• amends ← To establish a task force for the investigation and prosecution of crimes in or against Federally insured savings associations and to provide for the appointment by the Attorney General of a Special Counsel for Thrift Fraud.

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