S 714 - Resolution Trust Corporation Completion Act - National Key Vote
Joe Biden, Jr. voted Yea (Conference Report Vote) on this Legislation.
Read statements Joe Biden, Jr. made in this general time period.
Timeline
- Executive Signed
- Dec. 17, 1993
- House Conference Report Adopted
- Nov. 23, 1993
- Senate Conference Report Adopted
- Nov. 20, 1993
- House Bill Passed
- Sept. 14, 1993
- Senate Bill Passed
- May 13, 1993
- Introduced
- April 1, 1993
Related Issues
Stage Details
Title: Resolution Trust Corporation Completion Act
Vote Smart's Synopsis:
Vote to adopt a conference report that provides additional funding to the Resolution Trust Corporation (RTC) and the Savings Association Insurance Fund (SAIF) to pay for losses incurred by savings and loans institutions.
Highlights:
- $18.3 billion for the RTC to implement a program to reduce fraud and abuse, respond to problems identified by auditors, and increase contracting opportunities for women and minorities.
- $8.5 billion for SAIF with the option of an additional $8.5 billion that must be certified by Congress.
- Instructs the Secretary of the Treasury to submit to Congressional committees reports of spending by the RTC and SAIF.
- Extends the statue of limitations for civil liability lawsuits against officers and directors of failed savings and loan companies from three to five years.
- Expands employee whistleblower protections to cover violations of regulations or law and gross mismanagement (waste of funds, abuse of power, or health or safety violations).
- Changes the date the RTC is required to complete its program from December 31, 1996 to December 31, 1995.
Title: Resolution Trust Corporation Completion Act
Vote Smart's Synopsis:
Vote to adopt a conference report that provides additional funding to the Resolution Trust Corporation (RTC) and the Savings Association Insurance Fund (SAIF) to pay for losses incurred by savings and loans institutions.
Highlights:
- $18.3 billion for the RTC to implement a program to reduce fraud and abuse, respond to problems identified by auditors, and increase contracting opportunities for women and minorities.
- $8.5 billion for SAIF with the option of an additional $8.5 billion that must be certified by Congress.
- Instructs the Secretary of the Treasury to submit to Congressional committees reports of spending by the RTC and SAIF.
- Extends the statue of limitations for civil liability lawsuits against officers and directors of failed savings and loan companies from three to five years.
- Expands employee whistleblower protections to cover violations of regulations or law and gross mismanagement (waste of funds, abuse of power, or health or safety violations).
- Changes the date the RTC is required to complete its program from December 31, 1996 to December 31, 1995.
Title: Resolution Trust Corporation Completion Act
Vote Smart's Synopsis:
Vote to pass a bill that provides additional funding to the Resolution Trust Corporation (RTC) and the Savings Association Insurance Fund (SAIF) to pay for losses incurred by savings and loans institutions.
Highlights:
- $18.3 billion for the RTC to implement a program to reduce fraud and abuse, respond to problems identified by auditors, and increase contracting opportunities for women and minorities.
- $8.5 billion for SAIF with the option of an additional $8.5 billion that must be certified by Congress.
- Instructs the Secretary of the Treasury to submit to Congressional committees reports of spending by the RTC and SAIF.
- Extends the statue of limitations for civil liability lawsuits against officers and directors of failed savings and loan companies from three to five years.
- Expands employee whistleblower protections to cover violations of regulations or law and gross mismanagement (waste of funds, abuse of power, or health or safety violations).
- Changes the date the RTC is required to complete its program from December 31, 1996 to December 31, 1995.
More Info About this Vote
NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.
NOTE: THIS VOTE PASSED BY UNANIMOUS CONSENT, MEANING NO MEMBER OBJECTED TO THE PASSAGE OF THE VOTE. THIS DOES NOT NECESSARILY INDICATE THAT ALL MEMBERS FAVORED THE VOTE'S OUTCOME.
Title: Resolution Trust Corporation Completion Act
Vote Smart's Synopsis:
Vote to pass a bill that provides additional funding to the Resolution Trust Corporation (RTC) and the Savings Association Insurance Fund (SAIF) to pay for losses incurred by savings and loans institutions.
Highlights:
- $18.3 billion for the RTC to implement a program to reduce fraud and abuse, respond to problems identified by auditors, and increase contracting opportunities for women and minorities.
- $8.5 billion for SAIF with the option of an additional $8.5 billion that must be certified by Congress.
- Instructs the Secretary of the Treasury to submit to Congressional committees reports of spending by the RTC and SAIF.
- Extends the statue of limitations for civil liability lawsuits against officers and directors of failed savings and loan companies from three to five years.
- Expands employee whistleblower protections to cover violations of regulations or law and gross mismanagement (waste of funds, abuse of power, or health or safety violations).
- Changes the date the RTC is required to complete its program from December 31, 1996 to December 31, 1995.
Title: Resolution Trust Corporation Completion Act