A concurrent resolution expressing the sense of Congress that Federal bank regulatory agencies should require their examiners to exercise caution and restraint in adversely classifying loans made to independent oil and gas producers.

Summary

Declares that it is the sense of Congress that the Federal bank regulatory agencies, when examining bank loans to independent oil and gas producers experiencing financial difficulties, should require their examiners to consider other specified factors in addition to cash flow as long as high interest rates and high cost of production continue to impair the abilities of such borrowers to meet loan repayment schedules.

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

Timeline

1. 5 March 1984

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 5 March 1984

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 March 1984

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 March 1984

   Referred

   Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 5 March 1984

  Open at official source

Sponsors

• Rep. Jones, James R. [D-OK-1] · D · Sponsor
• Rep. English, Glenn [D-OK-6] · D · Sponsor
• Rep. Watkins, Wes [R-OK-3] · D · Sponsor
• Rep. Synar, Mike [D-OK-2] · D · Sponsor
• Rep. McCurdy, Dave [D-OK-4] · D · Sponsor
• Rep. Edwards, Mickey [R-OK-5] · R · Sponsor
• · hsba00 · Standing

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