[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5251 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 5251

To amend the Federal Home Loan Bank Act to require the Resolution Trust 
  Corporation to use competitive procedures in procuring property and 
       services necessary or appropriate to carry out its duties.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 7, 1994

Mr. Bachus of Alabama introduced the following bill; which was referred 
         to the Committee on Banking, Finance and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
To amend the Federal Home Loan Bank Act to require the Resolution Trust 
  Corporation to use competitive procedures in procuring property and 
       services necessary or appropriate to carry out its duties.

    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 ``Resolution Trust Corporation 
Contract Reform Act''.

SEC. 2. REQUIREMENT TO USE COMPETITIVE PROCEDURES.

    Section 21A(b)(10)(A)(i) of the Federal Home Loan Bank Act (12 
U.S.C. 1441a(b)(10)(A)(i)) is amended by adding at the end the 
following new sentence: ``Notwithstanding any other provision of law, 
the Corporation shall use competitive procedures (as such term is 
defined in section 4 of the Office of Federal Procurement Policy Act) 
in procuring any property and services necessary or appropriate to 
carry out its responsibilities under this section and entering into 
contracts for such property and services.''.
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