Amendment101st Congress
Amendment prohibited federally insured thrift institutions from investing in high risk, high-yield "junk bonds". Institutions holding such bonds would be required to divest themselves of such bonds within two years.
- Amendment Number
- 66
- Description
- Amendment prohibited federally insured thrift institutions from investing in high risk, high-yield "junk bonds". Institutions holding such bonds would be required to divest themselves of such bonds within two years.
- Purpose
- An amendment to prohibit federally insured thrift institutions from acquiring or retaining high-yield "Junk Bonds." Savings and loans institutions holding such bonds would not be required to divest themselves of such investments for two years unless federal regulators determine that such a sale is required to insure the safety of the savings institution.
- Congress
- 101
- Type
- HAMDT
- Latest Action Date
- Jun 15, 1989
- Latest Action Text
- On agreeing to the Dorgan (ND) amendment (A010) Agreed to by recorded vote: 303 - 114 (Roll no. 92).
- Latest Action Time
- 20:25:51
- Submitted Date
- Jun 15, 1989
- Chamber
- House of Representatives
- Update Date
- Jul 10, 2021