Amendment102nd Congress
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.
- 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