An amendment to instruct the FSLIC to use forebearance in closing all minority-owned institutions, not just those which have made loans in areas adversely affected by the energy and agricultural economies, if such institutions otherwise meet forebearance standards established in the bill. The amendment also directs the Treasury Department to develop a program to expand the use of minority-owned savings institutions through the deposit of federal funds.

Ask AI
Amendment Number
71
Description
An amendment to instruct the FSLIC to use forebearance in closing all minority-owned institutions, not just those which have made loans in areas adversely affected by the energy and agricultural economies, if such institutions otherwise meet forebearance standards established in the bill. The amendment also directs the Treasury Department to develop a program to expand the use of minority-owned savings institutions through the deposit of federal funds.
Congress
100
Type
HAMDT
Latest Action Date
May 5, 1987
Latest Action Text
Amendment Passed in Committee of the Whole by Voice Vote.
Submitted Date
May 5, 1987
Chamber
House of Representatives
Update Date
Aug 14, 2021
Amendment 71 — Informed