
S. 419 · 102nd Congress · enacted
Resolution Trust Corporation Funding Act of 1991
Became Public Law No: 102-18.
Latest official action 1991-03-23 · Enacted
The bill, briefly
Resolution Trust Corporation Funding Act of 1991 - Title I: RTC Resolution Process and Funding - Amends the Federal Home Loan Bank Act to authorize additional funding to the Resolution Trust Corporation (RTC). Requires the Oversight Board to transmit to specified congressional committees: (1) RTC's audited financial statements within 180 days after the end of the fiscal year to which those audits apply; and (2) a detailed financial operating plan by the beginning of each calendar quarter. Outlines the contents to be included in the Plan. Requires the Director of the Office of Thrift Supervision to deliver to the Oversight Board on a quarterly basis a list of savings associations in danger of default. States that whenever agency reports are not provided timely to the Congress, the President of the Oversight Board and the head of the responsible agency shall testify before certain congressional committees about the causes and the remedial steps being taken with respect to the reporting delinquency. Amends the Federal Home Loan Bank Act and the Federal Deposit Insurance Act to provide that officials of the RTC, the Oversight Board, and the Federal Deposit Insurance Corporation (FDIC) are not subject to personal civil liability under the Securities Act of 1933 for asset disposition activities undertaken within the scope of their employment. Declares that this does not limit person…
Congressional Research Service · 1991-03-19
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What happened after enactment?
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