To enhance the availability of credit in disaster areas by reducing the regulatory burden imposed upon insured depository institutions to the extent such action is consistent with the safety and soundness of the institutions.
Depository Institutions Disaster Relief Act of 1993 - Amends the Federal Deposit Insurance Act to cite circumstances under which a Federal banking regulatory agency may waive regulatory requirements for insured depository institutions located in federally declared major disaster areas.
Limits the waivers to a three-year period. Requires such agency to give notice of the waiver in the Federal Register.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Economic Growth and Credit Formation.
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.
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