Amendment100th Congress
An amendment to increase from $5 billion to $15 billion the amount of funds raised to cover defaults of savings and loan institutions insured by the Federal Savings and Loan Insurance Corporation (FSLIC). The amendment uses the same procedure as the bill to raise such funding, and it limits annual borrowing by the newly created Financing Corporation to $3.5 billion, and it also permits Congress to sunset the Financing Corporation's borrowing after two years if Congress enacts a joint resolution to do so.
- Amendment Number
- 70
- Description
- An amendment to increase from $5 billion to $15 billion the amount of funds raised to cover defaults of savings and loan institutions insured by the Federal Savings and Loan Insurance Corporation (FSLIC). The amendment uses the same procedure as the bill to raise such funding, and it limits annual borrowing by the newly created Financing Corporation to $3.5 billion, and it also permits Congress to sunset the Financing Corporation's borrowing after two years if Congress enacts a joint resolution to do so.
- Congress
- 100
- Type
- HAMDT
- Latest Action Date
- May 5, 1987
- Latest Action Text
- Amendment Failed of Passage in Committee of Whole by Recorded Vote: 153 - 258 (Record Vote No: 83).
- Submitted Date
- May 5, 1987
- Chamber
- House of Representatives
- Update Date
- Aug 14, 2021