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- H.R.3661
H.R.3661: Lending Enhancement Through Necessary Due Process Act
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about law
- Introduced Nov. 22, 1993
- Latest Major Action Dec. 15, 1993
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
12 (1 Democrat, 11 Republicans)
Bill Summary
Lending Enhancement Through Necessary Due Process Act - Amends the Federal Deposit Insurance Act to make the following affirmative defenses available to a director, officer, or institution-affiliated party of an insured depository institution facing a civil action before a Federal banking agency or a court of jurisdiction: (1) business judgment; (2) regulatory approval; and (3) unforeseeable economic conditions. Sets forth a minimum standard...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Referred to the House Committee on Banking, Finance + Urban Affrs.
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Sponsor introductory remarks on measure.
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Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.
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| Nov. 22, 1993 |
Introduced in the House by Bill McCollum (R-Fla.) |