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On April 12, 2011, Representative Marcy Kaptur (D-OH) introduced in the House the "Return to Prudent Banking Act of 2011" (H.R. 129), which would have (1) amended the Federal Deposit Insurance Act to add prohibitions on FDIC insured bank affiliations instead of reenacting the affiliation restrictions in Glass–Steagall Sections 20 and 32, (2) directed federal banking regulators and courts to ...
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), is a United States federal law enacted in the wake of the savings and loan crisis of the 1980s. It established the Resolution Trust Corporation to close hundreds of insolvent thrifts and provided funds to pay out insurance to their depositors.
The Federal Debt Collection Procedures Act of 1990 (FDCPA), Title XXXVI of the Crime Control Act of 1990, Pub. L. No. 101-647, 104 Stat. 4789, 4933 (Nov. 29, 1990), is a United States federal law passed in 1990, affecting collection of money owed to the United States government. The FDCPA preempts state remedy laws in most circumstances. [1]
It separated commercial banks and investment banks, in part to avoid potential conflicts of interest between the lending activities of the former and rating activities of the latter. In 1999, President Bill Clinton signed into law Gramm-Leach-Bliley Act , which repealed portions of the Glass-Steagall Act.
What’s also ahead: a great debt transfer that will have to be managed by younger generations of Americans. More than 46% of Americans expect to transfer debt on death to their loved ones ...
May 1, 2007: U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act of 2007. Earlier version of this bill known as H.R. 1591. June 20, 2007: Stem Cell Research Enhancement Act of 2007 also known as . [5] October 3, 2007: State Children's Health Insurance Program Reauthorization Act of 2007 also known ...
The continuing resolution was passed by the Senate on a voice vote, and was passed by the House 362–3 at around 1:30 AM. The deal was driven by a perception that the public was blaming Congress for the shutdown rather than the President. [6] Had the shutdown lasted into Tuesday, 2.4 million federal workers would have been furloughed. [4]
In 1732, the Parliament of Great Britain passed legislation entitled “The Act for the More Easy Recovery of Debts in His Majesty’s Plantations and Colonies in America”, sometimes known as the Debt Recovery Act 1732 (5 Geo. 2. c. 7), which required all land and slave property in British America to be treated as chattel for debt collection ...