An amendment to prohibit any insured depository institution from engaging in highly leveraged financial transactions involving a buyout, acquisition, or recapitalization of an existing business in an amount of more than $20 million.

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Amendment Number
387
Description
An amendment to prohibit any insured depository institution from engaging in highly leveraged financial transactions involving a buyout, acquisition, or recapitalization of an existing business in an amount of more than $20 million.
Purpose
Amendment prohibits any insured depository institution from engaging in highly leveraged financial transactions involving a buyout, acquisition, or recapitalization of an existing business in an amount of more than $20 million.
Congress
102
Type
HAMDT
Latest Action Date
Nov 4, 1991
Latest Action Text
On agreeing to the Dorgan (ND) amendment (A014) Agreed to by voice vote.
Latest Action Time
17:14:12
Submitted Date
Nov 4, 1991
Chamber
House of Representatives
Update Date
Jun 7, 2021
Amendment 387 — Informed