To abolish the Oversight Board of the Resolution Trust Corporation, provide for the management and operation of the Resolution Trust Corporation independently of the Federal Deposit Insurance Corporation, and for other purposes.
Resolution Trust Corporation Reform and Accountability Act of 1991 - Abolishes the Oversight Board of the Resolution Trust Corporation. Replaces the Federal Deposit Insurance Corporation as exclusive manager of the Resolution Trust Corporation with a new Board of Oversight (Board) (established by this Act).
Amends the Federal Home Loan Bank Act to delineate the duties of the Board. Requires the Board to maintain a strategic plan for Corporation operations. Outlines plan contents.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
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