H.R.1340: Resolution Trust Corporation Completion Act

About This Bill

  • This bill was introduced in the 103rd Congress
  • This bill is primarily about congress
  • Introduced March 16, 1993
  • Latest Major Action Sept. 14, 1993

Bill Summary

Resolution Trust Corporation Completion Act - Amends the Federal Home Loan Bank Act (FHLBA) to repeal the expiration date for the authority of the Resolution Trust Corporation (RTC) to use previously appropriated funds to resolve institutions in default. (Sec. 2) Conditions the availability of funds in excess of specified amounts upon certification by the Secretary of the Treasury to the Congress that the RTC is in compliance with this Act....

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended).
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 16.
Reported (Amended) by the Committee on Banking, Finance + Urban Affrs. H. Rept. 103-103, Part I.
Referred sequentially to the House Committee on Judiciary for a period ending not later than June 11, 1993 for consideration of such provisions of the bill and amendments as fall within the jurisdiction of that committee pursuant to clause 1(l), rule X.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended).
House Committee on Judiciary Granted an extension for further consideration ending not later than June 15, 1993.
Reported (Amended) by the Committee on Judiciary. H. Rept. 103-103, Part II.
Placed on the Union Calendar, Calendar No. 72.
Rules Committee Resolution H. Res. 250 Reported to House. Rule provides for consideration of H.R. 1340 with 1 hour of general debate. Previous question shall be considered as ordered except motion to recommit. Specified amendments are in order. In lieu of the committee amendments now printed in the bill, it shall be in order to consider as an original bill for the amendment in the nature of a substitute recommended by the Committee on Banking, Finance and Urban Affairs, as modified by the amendments printed in part 1 of H. Rept. 103-237. All points of order against the substitute, as modified, shall be waived. No other amendment shall be in order except the amendments en bloc contained in part 2 of the report. Said en bloc amendments shall be debatable for 30 minutes and not subject to further amendment. After passage of H.R. 1340, it shall be in order to move to take S. 714 from the Speaker's table, strike all after the enacting clause and insert the text of H.R....
Rule H. Res. 250 passed House.
Considered under the provisions of rule H. Res. 250.
Rule provides for consideration of H.R. 1340 with 1 hour of general debate. Previous question shall be considered as ordered except motion to recommit. Specified amendments are in order. In lieu of the committee amendments now printed in the bill, it shall be in order to consider as an original bill for the purpose of amendment the amendment in the nature of a substitute recommended by the Committee on Banking, Finance and Urban Affairs, as modified by the amendments printed in part 1 of H. Rept. 103-237. All points of order against the substitute, as modified, shall be waived. No other amendment shall be in order except the amendments en bloc contained in part 2 of the report. Said en bloc amendments shall be debatable for 30 minutes and not subject to further amendment. After passage of H.R. 1340, it shall be in order to move to take S. 714 from the Speaker's table, strike all after the enacting clause and inser...
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 250 and Rule XXIII.
The Speaker designated the Honorable Benjamin L. Cardin to act as Chairman of the Committee.
GENERAL DEBATE - Pursuant to the provisions of H. Res. 250, the Committee of the Whole proceeded with one hour of general debate.
DEBATE - Pursuant to the provisions of H. Res. 250, the Committee of the Whole proceeded with thirty minutes of debate on the en bloc amendment offered by Mr. Gonzalez.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1340.
The previous question was ordered pursuant to the rule.
The House adopted the amendment in the nature of a substitute, as modified, as agreed to by the Committee of the Whole House on the state of the Union.
Mr. McCollum moved to recommit with instructions to Banking, Finance + Urban Affrs.
Floor summary: DEBATE - The House proceeded with ten minutes of debate on the McCollum motion to recommit with instructions. The instructions contained in the motion to recommit require the deletion of those provisions of the bill which allow the release of $18.3 billion to the RTC for completion of its mission; require the deletion of those sections of the bill relating to Minority and Women-Owned Business Contract Parity Guidelines; and provide for the inclusion of language regarding a regional pay differential.
The previous question on the motion to recommit with instructions was ordered without objection.
On motion to recommit with instructions Failed by recorded vote: 180 - 242, 1 Present (Roll no. 433).
On passage Passed by recorded vote: 214 - 208, 1 Present (Roll No. 434).
Motion to reconsider laid on the table Agreed to without objection.
The title of the measure was amended. Agreed to without objection.
Laid on the table. See S. 714 for further action.
Referred to the House Committee on Banking, Finance + Urban Affrs.
March 16, 1993

Introduced in the House by Henry B. Gonzalez (D-Texas)

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