THIS SEARCH     THIS DOCUMENT     GO TO
Next Hit        Forward           New Bills Search
Prev Hit        Back              HomePage
Hit List        Best Sections     Help
                Contents Display

Final version (Enrolled Bill) as passed by both Houses. There are 6 other versions of this bill.
{title: 'THOMAS - Bill Text - h1278.enr', link: 'http://thomas.loc.gov/cgi-bin/query/z?c101:h1278.enr:' }

Help] /`/C?query:c101" Printer Friendly

Congressional Record References

Bill Summary & Status

H.R.1278

Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (Enrolled as Agreed to or Passed by Both House and Senate)
Beginning
    SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
 TITLE I--PURPOSES
    SEC. 101. PURPOSES.
 TITLE II--FEDERAL DEPOSIT INSURANCE CORPORATION
    SEC. 201. DEPOSITORY INSTITUTIONS.
    SEC. 203. FDIC BOARD MEMBERS.
    `SEC. 2. MANAGEMENT.
    SEC. 204. DEFINITIONS.
    SEC. 205. INSURED SAVINGS ASSOCIATIONS.
    SEC. 206. APPLICATION PROCESS; INSURANCE FEES.
    SEC. 207. INSURABILITY FACTORS.
    `SEC. 6. FACTORS TO BE CONSIDERED.
    SEC. 208. ASSESSMENTS.
    SEC. 209. CORPORATE POWERS OF THE FDIC .
    SEC. 210. ADMINISTRATION OF CORPORATION.
    SEC. 211. INSURANCE FUNDS.
    SEC. 213. NEW BANKS.
    SEC. 214. BRIDGE BANKS.
    SEC. 215. FSLIC RESOLUTION FUND.
    `SEC. 11A. FSLIC RESOLUTION FUND.
    SEC. 216. AMENDMENTS TO SECTION 12.
    SEC. 217. AMENDMENTS TO SECTION 13.
    SEC. 218. FDIC BORROWING AUTHORITY.
    SEC. 220. REPORTS.
    SEC. 222. ACTIVITIES OF SAVINGS ASSOCIATIONS.
    `SEC. 28. ACTIVITIES OF SAVINGS ASSOCIATIONS.
    SEC. 223. NONDISCRIMINATION.
    `SEC. 22. NONDISCRIMINATION.
    SEC. 224. BROKERED DEPOSITS.
    `SEC. 29. BROKERED DEPOSITS.
 TITLE III--SAVINGS ASSOCIATIONS
    SEC. 301. AMENDMENT TO HOME OWNERS' LOAN ACT OF 1933.
    `SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.
 `TABLE OF CONTENTS
    `SEC. 2. DEFINITIONS.
    `SEC. 3. DIRECTOR OF THE OFFICE OF THRIFT SUPERVISION.
    `SEC. 4. SUPERVISION OF SAVINGS ASSOCIATIONS.
    `SEC. 5. FEDERAL SAVINGS ASSOCIATIONS.
    `SEC. 6. LIQUID ASSET REQUIREMENTS.
    `SEC. 7. APPLICABILITY.
    `SEC. 8. DISTRICT ASSOCIATIONS.
    `SEC. 9. EXAMINATION FEES.
    `SEC. 10. REGULATION OF HOLDING COMPANIES.
    `SEC. 12. ADVERTISING.
    `SEC. 13. POWERS OF EXAMINERS.
    `SEC. 14. SEPARABILITY PROVISION.
    SEC. 302. SAVINGS PROVISIONS.
    SEC. 303. QUALIFIED THRIFT LENDER TEST.
    SEC. 306. AMENDMENT OF ADDITIONAL POWERS OF DIRECTOR.
    SEC. 307. AMENDMENT TO TITLE 31, UNITED STATES CODE.
    `Sec. 309. Office of Thrift Supervision
 TITLE IV--TRANSFER OF FUNCTIONS, PERSONNEL, AND PROPERTY
    SEC. 401. FSLIC AND FEDERAL HOME LOAN BANK BOARD ABOLISHED.
    SEC. 404. RIGHTS OF EMPLOYEES OF ABOLISHED AGENCIES.
    SEC. 405. DIVISION OF PROPERTY AND FACILITIES.
    SEC. 406. REPORT.
    SEC. 407. REPEALS.
 TITLE V--FINANCING FOR THRIFT RESOLUTIONS
 Subtitle A--Oversight Board and Resolution Trust Corporation
    `SEC. 21A. OVERSIGHT BOARD AND RESOLUTION TRUST CORPORATION.
 Subtitle B--Resolution Funding Corporation
    SEC. 511. RESOLUTION FUNDING CORPORATION ESTABLISHED.
    `SEC. 21B. RESOLUTION FUNDING CORPORATION ESTABLISHED.
    SEC. 512. FINANCING CORPORATION.
 TITLE VI--THRIFT ACQUISITION ENHANCEMENT PROVISIONS
 TITLE VII--FEDERAL HOME LOAN BANK SYSTEM REFORMS
 Subtitle A--Federal Home Loan Bank Act Amendments
    SEC. 701. DEFINITIONS.
    SEC. 702. FEDERAL HOUSING FINANCE BOARD ESTABLISHED.
    `SEC. 2A. FEDERAL HOUSING FINANCE BOARD.
    `SEC. 2B. POWERS AND DUTIES.
    SEC. 703. TERMINATION OF THE FEDERAL HOME LOAN BANK BOARD.
    SEC. 704. ELIGIBILITY FOR MEMBERSHIP.
    SEC. 706. CAPITAL STOCK.
    SEC. 707. ELECTION OF BANK DIRECTORS.
    SEC. 709. POWERS AND DUTIES OF BANKS.
    SEC. 710. ELIGIBILITY OF BORROWERS TO SECURE ADVANCES.
    SEC. 711. ADMINISTRATIVE EXPENSES.
    SEC. 712. NONADMINISTRATIVE EXPENSES.
    SEC. 714. ADVANCES.
    SEC. 717. BANK STOCK AND OBLIGATIONS.
    `SEC. 23. FORMS OF BANK STOCK AND OBLIGATIONS.
    SEC. 718. THRIFT ADVISORY COUNCIL.
    SEC. 719. EXAMINATION OF MEMBERS.
    `SEC. 22. MEMBER FINANCIAL INFORMATION.
    SEC. 720. LIQUIDITY.
    SEC. 721. AFFORDABLE HOUSING.
    SEC. 723. TRANSITIONAL PROVISIONS.
    SEC. 724. FEDERAL HOME LOAN BANK RESERVES.
    SEC. 725. SPECIAL ACCOUNT.
 Subtitle B--Federal Home Loan Mortgage Corporation
    SEC. 731. FEDERAL HOME LOAN MORTGAGE CORPORATION.
 `SHORT TITLE AND STATEMENT OF PURPOSE'.
 Subtitle C--Technical and Conforming Amendments
    SEC. 742. AMENDMENT OF TITLE 5, UNITED STATES CODE.
 TITLE VIII--BANK CONSERVATION ACT AMENDMENTS
    SEC. 801. DEFINITIONS.
    SEC. 802. APPOINTMENT OF CONSERVATOR.
    `SEC. 203. APPOINTMENT OF CONSERVATOR.
    SEC. 803. EXAMINATIONS.
    `SEC. 204. EXAMINATIONS.
    SEC. 804. TERMINATION OF CONSERVATORSHIP.
    `SEC. 205. TERMINATION OF CONSERVATORSHIP.
    SEC. 805. CONSERVATOR; POWERS AND DUTIES.
    `SEC. 206. CONSERVATOR; POWERS AND DUTIES.
    SEC. 806. LIABILITY PROTECTION.
    `SEC. 209. LIABILITY PROTECTION.
    SEC. 807. RULES AND REGULATIONS.
    `SEC. 211. RULES AND REGULATIONS.
    SEC. 808. REPEALS.
 TITLE IX--REGULATORY ENFORCEMENT AUTHORITY AND CRIMINAL ENHANCEMENTS
 Subtitle A--Expanded Enforcement Powers, Increased Penalties, and Improved Accountability
    SEC. 903. MERGER OF REMOVAL AND PROHIBITION AUTHORITY.
    `SEC. 29. CIVIL MONEY PENALTY.
    SEC. 908. CLARIFICATION OF CRIMINAL PENALTY PROVISIONS FOR VIOLATION OF CERTAIN ORDERS.
    SEC. 909. SUPERVISORY RECORDS.
    SEC. 910. INCREASED PENALTY FOR PARTICIPATION BY CONVICTED INDIVIDUALS.
    `SEC. 19. PENALTY FOR UNAUTHORIZED PARTICIPATION BY CONVICTED INDIVIDUAL.
    SEC. 911. AMENDMENTS TO VARIOUS PROVISIONS OF LAW RELATING TO REPORTS.
    `SEC. 5213. PENALTY FOR FAILURE TO MAKE REPORTS.
    SEC. 912. AUTHORITY OF THE FDIC TO TAKE ENFORCEMENT ACTION AGAINST SAVINGS ASSOCIATIONS.
    SEC. 913. PUBLIC DISCLOSURE OF ENFORCEMENT ACTIONS REQUIRED.
    SEC. 916. IMPROVED ADMINISTRATIVE HEARINGS AND PROCEDURES.
    SEC. 918. ANNUAL REPORT TO CONGRESS.
    SEC. 919. CREDIT UNION AUDIT REQUIREMENTS.
 Subtitle B--Termination of Deposit Insurance
 Subtitle C--Improving Early Detection of Misconduct and Encouraging Informants
    SEC. 932. DEPOSITORY INSTITUTION EMPLOYEE PROTECTION REMEDY.
    `SEC. 33. DEPOSITORY INSTITUTION EMPLOYEE PROTECTION REMEDY.
    `SEC. 213. CREDIT UNION EMPLOYEE PROTECTION REMEDY.
 Subtitle D--Right to Financial Privacy Act Amendments
    SEC. 941. DEFINITIONS.
    SEC. 942. ADDITIONAL EXCEPTIONS.
    SEC. 943. PROHIBITION.
    SEC. 944. MISCELLANEOUS PROVISIONS.
 Subtitle E--Civil Penalties For Violations Involving Financial Institutions
    SEC. 951. CIVIL PENALTIES.
 Subtitle F--Criminal Law and Procedure
    `Sec. 1007. Federal Deposit Insurance Corporation Transactions
    `Sec. 1344. Bank fraud
    `Sec. 3293. Financial institution offenses
    SEC. 962. MISCELLANEOUS REVISIONS TO TITLE 18.
    `Sec. 20. Financial institution defined'
    SEC. 963. CIVIL AND CRIMINAL FORFEITURE.
    SEC. 964. GRAND JURY SECRECY.
    `Sec. 3322. Disclosure of certain matters occurring before grand jury
    SEC. 965. CRIMINAL DIVISION FRAUD SECTION REGIONAL OFFICE.
    SEC. 966. DEPARTMENT OF JUSTICE APPROPRIATION AUTHORIZATION.
    SEC. 967. AUTHORIZATION OF ADDITIONAL APPROPRIATIONS FOR THE JUDICIARY.
    SEC. 968. RACKETEER INFLUENCED AND CORRUPT ORGANIZATIONS.
 TITLE X--STUDIES OF FEDERAL DEPOSIT INSURANCE, BANKING SERVICES, AND THE SAFETY AND SOUNDNESS OF GOVERNMENT-SPONSORED ENTERPRISES
    SEC. 1001. STUDY OF FEDERAL DEPOSIT INSURANCE SYSTEM.
    SEC. 1002. SURVEY OF BANK FEES AND SERVICES.
    SEC. 1003. GENERAL ACCOUNTING OFFICE STUDY.
    SEC. 1004. STUDY REGARDING CAPITAL REQUIREMENTS FOR GOVERNMENT-SPONSORED ENTERPRISES.
 TITLE XI--REAL ESTATE APPRAISAL REFORM AMENDMENTS
    SEC. 1101. PURPOSE.
    SEC. 1102. ESTABLISHMENT OF APPRAISAL SUBCOMMITTEE OF THE FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL.
    `SEC. 1011. ESTABLISHMENT OF APPRAISAL SUBCOMMITTEE.
    SEC. 1103. FUNCTIONS OF APPRAISAL SUBCOMMITTEE.
    SEC. 1104. CHAIRPERSON OF APPRAISAL SUBCOMMITTEE; TERM OF CHAIRPERSON; MEETINGS.
    SEC. 1105. OFFICERS AND STAFF.
    SEC. 1106. POWERS OF APPRAISAL SUBCOMMITTEE.
    SEC. 1107. PROCEDURES FOR ESTABLISHING APPRAISAL STANDARDS AND REQUIRING THE USE OF CERTIFIED AND LICENSED APPRAISERS.
    SEC. 1108. STARTUP FUNDING.
    SEC. 1109. ROSTER OF STATE CERTIFIED OR LICENSED APPRAISERS; AUTHORITY TO COLLECT AND TRANSMIT FEES.
    SEC. 1110. FUNCTIONS OF THE FEDERAL FINANCIAL INSTITUTIONS REGULATORY AGENCIES RELATING TO APPRAISAL STANDARDS.
    SEC. 1111. TIME FOR PROPOSAL AND ADOPTION OF STANDARDS.
    SEC. 1112. FUNCTIONS OF THE FEDERAL FINANCIAL INSTITUTIONS REGULATORY AGENCIES RELATING TO APPRAISER QUALIFICATIONS.
    SEC. 1113. TRANSACTIONS REQUIRING THE SERVICES OF A STATE CERTIFIED APPRAISER.
    SEC. 1114. TRANSACTIONS REQUIRING THE SERVICES OF A STATE LICENSED APPRAISER.
    SEC. 1115. TIME FOR PROPOSAL AND ADOPTION OF RULES.
    SEC. 1116. CERTIFICATION AND LICENSING REQUIREMENTS.
    SEC. 1117. ESTABLISHMENT OF STATE APPRAISER CERTIFYING AND LICENSING AGENCIES.
    SEC. 1118. MONITORING OF STATE APPRAISER CERTIFYING AND LICENSING AGENCIES.
    SEC. 1119. RECOGNITION OF STATE CERTIFIED AND LICENSED APPRAISERS FOR PURPOSES OF THIS TITLE.
    SEC. 1120. VIOLATIONS IN OBTAINING AND PERFORMING APPRAISALS IN FEDERALLY RELATED TRANSACTIONS.
    SEC. 1121. DEFINITIONS.
    SEC. 1122. MISCELLANEOUS PROVISIONS.
 TITLE XII--MISCELLANEOUS PROVISIONS
    SEC. 1201. GAO STUDY OF CREDIT UNION SYSTEM.
    SEC. 1202. OCC EMPLOYMENT PROVISION.
    SEC. 1203. NCUA EMPLOYMENT PROVISION.
    SEC. 1204. EXPANSION OF USE OF UNDERUTILIZED MINORITY BANKS, WOMEN'S BANKS, AND LOW-INCOME CREDIT UNIONS.
    SEC. 1205. CREDIT STANDARDS ADVISORY COMMITTEE.
    SEC. 1206. COMPARABILITY IN COMPENSATION SCHEDULES.
    SEC. 1207. STUDY BY SECRETARY OF THE TREASURY.
    SEC. 1208. EXPENDITURE OF TAXPAYER MONEY ONLY FOR DEPOSIT INSURANCE PURPOSES.
    SEC. 1209. AMENDMENT TO SECTION 5373 OF TITLE 5, UNITED STATES CODE.
    SEC. 1210. FARM CREDIT ADMINISTRATION AND FARM CREDIT SYSTEM INSURANCE CORPORATION EMPLOYMENT PROVISION.
    SEC. 1211. FAIR LENDING OVERSIGHT AND ENFORCEMENT.
    `SEC. 308. REPORT.
    SEC. 1212. AMENDMENT TO THE COMMUNITY REINVESTMENT ACT OF 1977.
    `SEC. 807. WRITTEN EVALUATIONS.
    SEC. 1213. COMPTROLLER GENERAL AUDIT AND ACCESS TO RECORDS.
    SEC. 1214. AMENDMENT RELATED TO THE HART-SCOTT-RODINO ACT.
    SEC. 1215. CAPITAL AND ACCOUNTING STANDARDS.
    SEC. 1216. EQUAL OPPORTUNITY.
    SEC. 1217. NCUA POWERS AS LIQUIDATING AGENT AND CONSERVATOR.
    SEC. 1218. RISK MANAGEMENT TRAINING.
    `SEC. 1009A. RISK MANAGEMENT TRAINING.
    SEC. 1219. CROSS-MARKETING RESTRICTIONS.
    SEC. 1220. REPORT ON LOAN DISCRIMINATION.
    SEC. 1221. SEPARABILITY OF PROVISIONS.
 TITLE XIII--PARTICIPATION BY STATE HOUSING FINANCE AUTHORITIES AND NONPROFIT ENTITIES
    SEC. 1301. DEFINITIONS.
 TITLE XIV--TAX PROVISIONS
 
THIS SEARCH     THIS DOCUMENT     GO TO
Next Hit        Forward           New Bills Search
Prev Hit        Back              HomePage
Hit List        Best Sections     Help
                Contents Display