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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 99 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                 H. R. 99

   To remove the limitation on the availability of funds previously 
    appropriated to the Resolution Trust Corporation and to provide 
additional resources for the Resolution Trust Corporation and for other 
                               purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 1993

 Mrs. Roukema (for herself and Mr. Frank of Massachusetts) introduced 
  the following bill; which was referred to the Committee on Banking, 
                       Finance and Urban Affairs

_______________________________________________________________________

                                 A BILL

 
   To remove the limitation on the availability of funds previously 
    appropriated to the Resolution Trust Corporation and to provide 
additional resources for the Resolution Trust Corporation 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 ``Resolution Trust Corporation Funding 
Act of 1993''.

SEC. 2. FUNDING.

    Section 21A(i) of the Federal Home Loan Bank Act (12 U.S.C. 
144a(i)) is amended--
            (1) in paragraph (3)--
                    (A) by striking ``until April 1, 1992''; and
                    (B) by inserting ``, out of any money in the 
                Treasury not otherwise appropriated,'' after 
                ``provide''; and
            (2) by adding at the end the following new paragraph:
            ``(4) Additional funding.--Pursuant to the request of the 
        President and in addition to amounts provided under paragraphs 
        (2) and (3), the Secretary of the Treasury shall provide, out 
        of any money in the Treasury not otherwise appropriated, to the 
        Corporation such sums as may be necessary not to exceed 
        $10,000,000,000 to carry out the purposes of this section until 
        April 1, 1994.''.

SEC. 3. CAPITALIZATION OF THE SAIF.

    Whereas on October 1, 1993, the Federal Deposit Insurance 
Corporation assumes responsibility for resolving failing thrifts, using 
the resources of the Savings Association Insurance Fund; and, whereas 
under the provisions of the Financial Institutions Reform, Recovery, 
and Enforcement Act of 1989, the Treasury Department was to have begun 
making contributions to the Savings Association Insurance Fund; and, 
whereas the Savings Association Insurance Fund may not be adequately 
funded; and be it further Resolved, That it is the sense of the 
Congress that the Secretary of the Treasury shall begin to take the 
necessary measures to carry out the requirements of the Financial 
Institutions Reform, Recovery, and Enforcement Act of 1989, with 
respect to the capitalization of the Savings Association Insurance 
Fund.

                                 <all>
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