A bill 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 - Authorizes the Board of Governors of the Federal Reserve System to make exceptions for a specified period to the Truth in Lending Act and the Expedited Funds Availability Act with respect to transactions and depository institutions located within either a federally declared major disaster area or certain areas damaged by the 1993 flooding of the Mississippi River and its tributaries.
Cites conditions under which: (1) an insured depository institution may subtract from its total assets a specified amount attributable to insurance proceeds when it is calculating compliance with prescribed leverage limits; and (2) a qualifying regulatory agency may deviate from certain statutory requirements with respect to regulated entities located in disaster areas.
Directs the Secretary of the Treasury to study and report to the Congress on the efficacy of certain disaster relief Acts, including this one, with respect to facilitating recovery from major disasters.
Expresses the sense of the Congress that specified Federal banking regulatory agencies should encourage depository institutions to meet the financial services needs of their communities and customers located in areas affected by the 1993 flooding of the Mississippi River and its tributaries.
Received in the House.
Message on Senate action sent to the House.
Held at the desk.
Mr. Gonzalez asked unanimous consent to take from the Speaker's table and consider.
Considered by unanimous consent. (consideration: CR H5672-5674)
Passed/agreed to in House: On passage Passed without objection.
On passage Passed without objection.
Motion to reconsider laid on the table Agreed to without objection.
The title of the measure was amended. Agreed to without objection.
A similar measure H.R. 2808 was laid on the table without objection.
Message on House action received in Senate and at desk: House amendments to Senate bill.
Resolving differences -- Senate actions: Senate agreed to the House amendments by Voice Vote.(consideration: CR S10620-10621)
Senate agreed to the House amendments by Voice Vote. (consideration: CR S10620-10621)
Message on Senate action sent to the House.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 103-76.
Became Public Law No: 103-76.
Enacted as Public Law 103-76
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