legislation: 102-hr-5544

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
102-hr-5544 102 hr 5544 Resolution Trust Corporation Cost Reduction Act Finance and Financial Sector 1992-07-02 1992-07-15 Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance. House Rep. McMillan, J. Alex [R-NC-9] NC R M000566 1 Resolution Trust Corporation Cost Reduction Act - Prohibits the Resolution Trust Corporation (RTC) from delaying the closing of any savings association for which it has been appointed conservator or receiver because it lacks the funds to pay off insured deposits at the association. Authorizes the RTC to issue notes to insured depositors for the amount by which their deposit at a savings association in RTC receivership or conservatorship exceeds available RTC financial resources if it lacks sufficient resources to pay its obligations on those deposits. 2025-08-26T15:16:22Z  

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