[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1478 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 1478

 To provide for adequate funding for the Savings Association Insurance 
                     Fund, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 7, 1995

 Mr. LaFalce introduced the following bill; which was referred to the 
              Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
 To provide for adequate funding for the Savings Association Insurance 
                     Fund, 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 ``Savings Association Insurance Fund 
Recapitalization Act of 1995''.

SEC. 2. AVAILABILITY OF RTC FUNDS TO RECAPITALIZE SAIF.

    (a) In General.--Section 11(a)(6)(F) of the Federal Deposit 
Insurance Act (12 U.S.C. 1821(a)(6)(F)) is amended in the provisions of 
such subparagraph preceding clause (i)--
            (1) by inserting ``to carry out the purposes of this Act'' 
        after ``as needed by the Fund''; and
            (2) by inserting a period after ``not needed by the 
        Resolution Trust Corporation'' and striking everything that 
        follows through the end of the subparagraph.
    (b) Technical and Conforming Amendment.--Section 11(a)(6)(K) of the 
Federal Deposit Insurance Act (12 U.S.C. 1821(a)(6)(K)) is amended by 
striking ``to cover losses incurred by the Fund'' and inserting ``to 
carry out the purposes of this Act''.

SEC. 3. FICO PAYMENTS BY ALL FDIC-INSURED DEPOSITORY INSTITUTIONS.

    Section 21(f)(2) of the Federal Home Loan Bank Act (12 U.S.C. 
1441(f)(2)) is amended--
            (1) in the portion of such paragraph preceding subparagraph 
        (A)--
                    (A) by striking ``each Savings Association 
                Insurance Fund member'' and inserting ``each insured 
                depository institution (as defined in section 3(c)(2) 
                of the Federal Deposit Insurance Act)''; and
                    (B) by striking ``such member'' and inserting 
                ``such institution''; and
            (2) in subparagraph (A), by striking ``Savings Association 
        Insurance Fund members'' and inserting ``insured depository 
        institutions''.

SEC. 4. REPEAL OF MINIMUM SAIF ASSESSMENT RULE.

    Section 7(b)(2) of the Federal Deposit Insurance Act (12 U.S.C. 
1817(b)(2)) is amended by striking subparagraph (E).
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