FIRREA
E1014665
FIRREA is a 1989 U.S. federal law enacted in response to the savings and loan crisis, overhauling financial institution regulation and strengthening enforcement and oversight powers.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
banking regulation law ⓘ |
| abolishedAgency |
Federal Home Loan Bank Board
NERFINISHED
ⓘ
Federal Savings and Loan Insurance Corporation NERFINISHED ⓘ |
| affects |
Federal Home Loan Banks
NERFINISHED
ⓘ
bank holding companies ⓘ savings associations ⓘ |
| aimedAtSector |
depository institutions
ⓘ
savings and loan associations ⓘ thrifts ⓘ |
| authorizes |
administrative subpoenas in investigations of financial institution fraud
ⓘ
civil money penalties for violations involving financial institutions ⓘ |
| codifiedIn |
Title 12 of the United States Code
NERFINISHED
ⓘ
Title 18 of the United States Code NERFINISHED ⓘ |
| containsProvisionOn |
appraisal standards for real estate related financial transactions
ⓘ
audits and internal controls of insured institutions ⓘ criminal and civil liability for financial institution fraud ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| createdAgency | Office of Thrift Supervision NERFINISHED ⓘ |
| enactedIn | 1989 ⓘ |
| establishedEntity | Resolution Trust Corporation NERFINISHED ⓘ |
| focusesOn |
capital requirements for thrifts
ⓘ
safety and soundness of insured depository institutions ⓘ supervisory standards for financial institutions ⓘ |
| fullName | Financial Institutions Reform, Recovery, and Enforcement Act of 1989 NERFINISHED ⓘ |
| grantsPowerTo |
Department of Justice
NERFINISHED
ⓘ
Federal Deposit Insurance Corporation NERFINISHED ⓘ Federal Reserve Board NERFINISHED ⓘ Office of the Comptroller of the Currency NERFINISHED ⓘ |
| hasLongTitleKeyword |
Enforcement
ⓘ
Recovery ⓘ Reform ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
federal government of the United States
|
| mainPurpose |
enhance oversight of depository institutions
ⓘ
protect depositors and the federal deposit insurance funds ⓘ reform regulation of savings and loan associations ⓘ strengthen enforcement powers against financial institutions ⓘ |
| policyArea |
banking law
ⓘ
financial institution supervision ⓘ financial regulation ⓘ |
| publicLawNumber | Public Law 101-73 NERFINISHED ⓘ |
| responseTo | savings and loan crisis NERFINISHED ⓘ |
| signedBy | George H. W. Bush NERFINISHED ⓘ |
| strengthens |
administrative enforcement remedies for banking regulators
ⓘ
civil enforcement authority against financial fraud ⓘ |
| transferredFunctionTo |
Department of the Treasury
NERFINISHED
ⓘ
Federal Deposit Insurance Corporation NERFINISHED ⓘ |
| yearOfSavingsAndLoanCrisisContext | 1980s ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.