[Congressional Record Volume 142, Number 80 (Tuesday, June 4, 1996)]
[House]
[Page H5766]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




   FEDERAL DEPOSIT INSURANCE FUNDS AND REGULATORY RELIEF ACT OF 1996

  (Mr. BEREUTER asked and was given permission to address the House for 
1 minute.)
  Mr. BEREUTER. Mr. Speaker, earlier today, this Member introduced the 
Federal Deposit Insurance Funds and Regulatory Relief Act of 1996, 
which constitutes a comprehensive plan to: First, fully capitalize the 
Savings Association insurance fund; second, guarantee payment of 
interest on Financing Corporation bonds; third, merge the bank and 
thrift charters; fourth, merge the bank insurance fund and the Savings 
Association insurance fund into a new deposit insurance fund; and 
fifth, provide solid regulatory relief to all financial institutions.
  Mr. Speaker, this Member will be circulating a ``Dear Colleague'' 
letter explaining the provisions in the bill and he invites his 
colleagues to join in cosponsoring this comprehensive legislation.

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