Summary: S.2977 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for S.2977. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (08/03/1990)

Amends the Federal Home Loan Bank Act to prohibit the Resolution Trust Corporation from selling the assets of a failed financial institution to persons who engaged in certain activities including defaulting on an obligation exceeding $1,000,000 to a failed institution and proposing to purchase the assets through the Corporation or an insured institution under its jurisdiction.