Amends the Federal Deposit Insurance Act to declare that the issuance of net worth certificates by a financial institution to the Federal Deposit Insurance Corporation under the capital assistance program shall not constitute a default under the terms of any debt obligations subordinated to the claims of general creditors which were outstanding when such net worth certificates were issued.
Introduced in Senate
Introduced in the Senate, read twice.
Placed on Senate Legislative Calendar under Regular Orders. Calendar No. 81.
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
Passed Senate without amendment by Voice Vote.
Called up by House Under Suspension of Rules.
Passed/agreed to in House: Passed House by Voice Vote.
Passed House by Voice Vote.
Measure Signed in Senate.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 98-29.
Became Public Law No: 98-29.
Enacted as Public Law 98-29
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