A bill to amend the National Housing Act and the Home Owners' Loan Act of 1933 to prevent the Federal Savings and Loan Insurance Corporation and the Federal Home Loan Bank Board from requiring institutions within their jurisdiction to write down or establish reserves against assets in amounts in excess of what would be required under generally accepted accounting principles.
Real Property Accounting Act of 1987 - Amends the National Housing Act and the Home Owners' Loan Act of 1933, respectively, to prohibit the Federal Savings and Loan Insurance Corporation and the Federal Home Loan Bank Board from requiring institutions to write down or establish reserves against assets in excess of what would be required under generally accepted accounting principles.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
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