Amendment101st Congress
Amendment limited the ability of the Resolution Trust Corporation (RTC) to issue unsecured obligations by requiring the RTC to budget such obligations against cash received from the Resolution Fund Corporation (REFCORP). Total RTC unsecured debt and REFCORP obligations were limited to $50 billion.
- Amendment Number
- 64
- Description
- Amendment limited the ability of the Resolution Trust Corporation (RTC) to issue unsecured obligations by requiring the RTC to budget such obligations against cash received from the Resolution Fund Corporation (REFCORP). Total RTC unsecured debt and REFCORP obligations were limited to $50 billion.
- Purpose
- An amendment to limit to $50 billion the authority of the Resolution Trust Corporation to issue unsecured promissory notes and debt guarantees.
- Congress
- 101
- Type
- HAMDT
- Latest Action Date
- Jun 15, 1989
- Latest Action Text
- On agreeing to the Gonzalez amendment (A008) Agreed to by voice vote.
- Latest Action Time
- 18:13:33
- Submitted Date
- Jun 15, 1989
- Chamber
- House of Representatives
- Update Date
- Jul 10, 2021