Amendment103rd Congress
Amendments en bloc: (1) extend the authority of the Resolution Trust Corporation to take over failed institutions by 18 months to Mar. 31, 1995; (2) reduce the Savings Association Insurance Fund authorization from $32 billion to $8 billion; (3) make the provisions pertaining to affordable housing and the minority preference in acquisitions of institutions in minority neighborhoods budget neutral; and (4) extends competitive contracting requirements to the RTC.
- Amendment Number
- 301
- Description
- Amendments en bloc: (1) extend the authority of the Resolution Trust Corporation to take over failed institutions by 18 months to Mar. 31, 1995; (2) reduce the Savings Association Insurance Fund authorization from $32 billion to $8 billion; (3) make the provisions pertaining to affordable housing and the minority preference in acquisitions of institutions in minority neighborhoods budget neutral; and (4) extends competitive contracting requirements to the RTC.
- Purpose
- An amendment comprised of several amendments offered en bloc to extend the authority of the RTC which is set to end on Oct. 1, 1993, for 18 months, until Apr. 1, 1995 in order to permit the RTC to have time to use the funds released in the bill to complete its assigned mission; to reduce the SAIF authorization in the bill for lost funds to $8 billion, compared to the $16 billion in the bill; to make the provisions of the bill pertaining to affordable housing and minority preference budget neutral by making the affordable housing provisions subject to appropriations (and thus under discretionary spending caps) and by subjecting the women and minority preference provisions to competitive contracting procedures.
- Congress
- 103
- Type
- HAMDT
- Latest Action Date
- Sep 14, 1993
- Latest Action Text
- On agreeing to the Gonzalez amendments (A002) Agreed to by recorded vote: 406 - 15 (Roll No. 432).
- Latest Action Time
- 14:34:29
- Submitted Date
- Sep 14, 1993
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021