Amends the Home Owner's Loan Act to decrease from 70 percent to 50 percent the percentage of a thrift institution's assets that must be invested in housing-related assets ("qualified thrift lender test").
Makes domestic residential real estate loans qualified thrift investments. (Currently, only loans for domestic residential housing qualify as such investments.) Includes as a "qualified thrift asset" loans held by a savings association that were made to purchase any asset from the Resolution Trust Corporation.
Introduced in Senate
Read twice and referred to the Committee on Banking.
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