An en bloc amendment consisting of the following amendments printed in the report accompanying H. Res. 266: 1. LaFalce amendment to allow greater regulatory flexibility in deciding whether or not to place a bank in receivership; 16. Johnson (TX) amendment to broaden the criteria which the FDIC may use in granting a waiver to individuals who sit on a board of directors of a financial institution that receives Federal assistance; 17. Kanjorski amendment to require that the Board of Directors of financial institutions must be controlled by individuals whose employment is not dependent upon the institution; 18. Ridge amendment clarifying only further, additional commitments by financial institutions to distressed neighborhoods shall be entitled to receive a credit to 5-15% off their FDIC assessment; 19. Frank amendment to establish an affordable housing disposition program for the FDIC, similar to the program of the Resolution Trust Corporation; 23. Campbell amendment to prohibit federal examiners from adversely evaluating loans or investments solely because they are in real estate; 21. Reed amendment to redesign provisions of the bill providing loan guarantees to pay depositors in failed Rhode Island credit unions.

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Amendment Number
374
Description
An en bloc amendment consisting of the following amendments printed in the report accompanying H. Res. 266: 1. LaFalce amendment to allow greater regulatory flexibility in deciding whether or not to place a bank in receivership; 16. Johnson (TX) amendment to broaden the criteria which the FDIC may use in granting a waiver to individuals who sit on a board of directors of a financial institution that receives Federal assistance; 17. Kanjorski amendment to require that the Board of Directors of financial institutions must be controlled by individuals whose employment is not dependent upon the institution; 18. Ridge amendment clarifying only further, additional commitments by financial institutions to distressed neighborhoods shall be entitled to receive a credit to 5-15% off their FDIC assessment; 19. Frank amendment to establish an affordable housing disposition program for the FDIC, similar to the program of the Resolution Trust Corporation; 23. Campbell amendment to prohibit federal examiners from adversely evaluating loans or investments solely because they are in real estate; 21. Reed amendment to redesign provisions of the bill providing loan guarantees to pay depositors in failed Rhode Island credit unions.
Purpose
Amendments en bloc: (1) allow regulators greater flexibility in the requirement to close an institution when it's capital level falls below 2 %; (2) provide the FDIC flexibility in granting a waiver of the requirement that members of boards of directors of institutions receiving federal assistance be removed; (3) prohibit individuals whose employment depends on a bank from also serving on the bank's board of directors; (4) require institutions to increase commitments in distressed communities in order to receive credits under the Bank Enterprise Program; (5) establish a three-year FDIC affordable housing program; (6) prohibit federal examiners from adversely evaluating loans or investments soley because the loans are in real estate; and (7) revise the loan guarantee provisions for the Rhode Island Deposit Insurance Fund.
Congress
102
Type
HAMDT
Latest Action Date
Oct 31, 1991
Latest Action Text
On agreeing to the Gonzalez amendments (A001) Agreed to by voice vote.
Latest Action Time
14:10:54
Submitted Date
Oct 31, 1991
Chamber
House of Representatives
Update Date
Jun 7, 2021
Amendment 374 — Informed