[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1340 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1340

 To provide funding for the resolution of failed savings associations, 
                        and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 16, 1993

Mr. Gonzalez (for himself, Mr. Leach, Mr. Neal of North Carolina, Mrs. 
    Roukema, Mr. Schumer, Mr. Kennedy, Mr. Flake, and Mr. Frank of 
 Massachusetts) (all by request) introduced the following bill; which 
  was referred to the Committee on Banking, Finance and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
 To provide funding for the resolution of failed savings associations, 
                        and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Thrift Depositor Protection Act of 
1993''.

SEC. 2. THRIFT RESOLUTION FUNDING PROVISIONS.

    Section 21A(i)(3) of the Federal Home Loan Bank Act (12 U.S.C. 
1441a(i)(3)) is amended to read as follows:
            ``(3) Additional funding.--In addition to amounts provided 
        under paragraph (2), the Secretary of the Treasury shall pay to 
        the Corporation, out of moneys in the Treasury not otherwise 
        appropriated, such amounts as may be necessary, not to exceed 
        $28 billion, to carry out the purposes of this section.''.

SEC. 3. SAVINGS ASSOCIATION INSURANCE FUNDING PROVISIONS.

    Section 11(a)(6) of the Federal Deposit Insurance Act (12 U.S.C. 
1821(a)(6)) is amended--
            (1) by amending subparagraph (E) to reads as follows:
                    ``(E) Treasury payments to fund.--To provide 
                sufficient funding for the Savings Association 
                Insurance Fund to carry out the purposes of this Act, 
                the Secretary of the Treasury shall pay to such Fund, 
                out of moneys in the Treasury not otherwise 
                appropriated, such amounts as may be necessary, not to 
                exceed $17,000,000,000.'';
            (2) in subparagraph (H), by striking ``oversight Board of 
        the Resolution Trust Corporation'' and inserting ``Thrift 
        Depositor Protection Oversight Board'';
            (3) by striking subparagraphs (F), (G), and (J); and
            (4) by redesignating subparagraphs (H) and (I) as 
        subparagraphs (F) and (G), respectively.

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