To authorize civil actions for certain violations involving depository institutions.
Savings and Loan Asset Recovery Act - Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to allow a person to bring a civil action to assess a civil penalty for a violation with respect to a federally insured financial institution in the same manner, and subject to the same procedures, as a person may bring an action under Federal law with respect to civil actions for false claims.
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 Deposit Insurance.
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