Public Law 101-73
E322609
Public Law 101-73 is a major 1989 U.S. federal statute that overhauled regulation of savings and loan institutions, addressed the savings and loan crisis, and strengthened enforcement and oversight of financial institutions.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Pub.L. 101-73 | 1 |
| Public Law 101-73 canonical | 1 |
Statements (51)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
banking law ⓘ financial regulation law ⓘ |
| abbreviation | FIRREA ⓘ |
| abolishes | Federal Savings and Loan Insurance Corporation ⓘ |
| amends |
Federal Deposit Insurance Act
ⓘ
Federal Home Loan Bank Act ⓘ Home Owners' Loan Act of 1933 ⓘ
surface form:
Home Owners’ Loan Act
National Housing Act of 1934 ⓘ
surface form:
National Housing Act
Title 18 of the United States Code ⓘ |
| authorizes |
administrative enforcement actions against unsafe or unsound practices
ⓘ
civil money penalties against institution-affiliated parties ⓘ |
| category |
1989 in American law
ⓘ
United States federal banking legislation ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| creates |
Office of Thrift Supervision
ⓘ
Resolution Trust Corporation ⓘ Thrift Depositor Protection Oversight Board ⓘ |
| enactedBy | 101st United States Congress ⓘ |
| enhances |
criminal penalties for bank fraud
ⓘ
criminal penalties for false statements to financial institutions ⓘ criminal penalties for obstruction of bank examinations ⓘ |
| establishes |
Appraisal Subcommittee of the Federal Financial Institutions Examination Council
ⓘ
uniform appraisal standards for federally related transactions ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| legislativeBranch | United States Congress ⓘ |
| publicLawNumber |
Public Law 101-73
self-linksurface differs
ⓘ
surface form:
Pub.L. 101-73
|
| purpose |
to address the savings and loan crisis
ⓘ
to overhaul regulation of savings and loan associations ⓘ to protect depositors and the federal deposit insurance funds ⓘ to strengthen enforcement and oversight of financial institutions ⓘ |
| requires |
improved supervisory oversight of insured institutions
ⓘ
independent appraisals for real estate–related financial transactions ⓘ more stringent capital standards for thrifts ⓘ |
| responseTo |
savings and loan crisis of the 1980s
ⓘ
surface form:
United States savings and loan crisis
|
| restructures | Federal Home Loan Bank Board ⓘ |
| shortName | Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ |
| signedBy | George H. W. Bush ⓘ |
| signingDate | 1989-08-09 ⓘ |
| statutesAtLargeCitation | 103 Stat. 183 ⓘ |
| strengthens |
Federal Deposit Insurance Corporation enforcement powers
ⓘ
Federal Reserve Board enforcement powers ⓘ Office of the Comptroller of the Currency enforcement powers ⓘ |
| subject |
bank and thrift regulation
ⓘ
bank fraud enforcement ⓘ federal deposit insurance ⓘ federally insured depository institutions ⓘ savings and loan associations ⓘ thrifts ⓘ |
| transfersFunctionTo | Federal Deposit Insurance Corporation ⓘ |
| yearOfEnactment | 1989 ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
Financial Institutions Reform, Recovery, and Enforcement Act of 1989
→
alsoKnownAs
→
Public Law 101-73
ⓘ
this entity surface form:
Pub.L. 101-73