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 and Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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