Presidential Credit Availability and Economic Recovery Act - Directs the President to conduct a specified review and evaluation of all statutory and regulatory provisions affecting insured depository institutions.
Authorizes the President to suspend such provisions upon making determinations that a regulatory scheme is no longer useful or is not cost-effective. Requires the President to consult with specified agencies before making a finding that a regulatory scheme should be suspended and to notify certain congressional committees before issuing an order to suspend. Sets a termination date for the President's authority to issue such order.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S2934)
Read twice and referred to the Committee on Banking.
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