A bill to provide for regional equity in funding resolution of failed savings associations, and for other purposes.

Read twice and referred to the Committee on Banking.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Aug 6, 1993

Amends the Federal Home Loan Bank Act to direct the Resolution Trust Corporation to: (1) determine the aggregate amounts expended in providing assistance for case resolutions during a certain time period for federally insured State savings associations; and (2) apportion those amounts among the States according to a specified formula reflecting their respective contributions to the cost of resolving State-chartered thrifts since 1988 (thus resulting in higher contributions from high-risk States). Requires the Federal Deposit Insurance Corporation to terminate the deposit insurance for State depository institutions located in any State which fails to pay the required contributions.

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People & committees

Who introduced it

Sen. Grassley, Chuck [R-IA] · R–IA

Committees

Banking, Housing, and Urban Affairs Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Aug 6, 1993
Read twice and referred to the Committee on Banking.
Aug 6, 1993
Sponsor introductory remarks on measure. (CR S10894-10896)
Aug 6, 1993
Introduced in Senate

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in Senate · Aug 6, 1993 Formatted Text PDF

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Jan 14, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze S.1419 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

View full prompt & sources

Discuss S.1419, 103rd Congress: A bill to provide for regional equity in funding resolution of failed savings associations, and for other purposes.

Official record: https://www.congress.gov/bill/103rd-congress/senate-bill/1419

Text version to examine: Introduced in Senate · 1993-08-06.

Official full text: https://www.congress.gov/103/bills/s1419/BILLS-103s1419is.htm

Imported record last updated by the source: 2025-01-14T18:21:19Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze S.1419 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine S.1419 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss S.1419, 103rd Congress: A bill to provide for regional equity in funding resolution of failed savings associations, and for other purposes.

Official record: https://www.congress.gov/bill/103rd-congress/senate-bill/1419

Text version to examine: Introduced in Senate · 1993-08-06.

Official full text: https://www.congress.gov/103/bills/s1419/BILLS-103s1419is.htm

Imported record last updated by the source: 2025-01-14T18:21:19Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.1419 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine S.1419 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss S.1419, 103rd Congress: A bill to provide for regional equity in funding resolution of failed savings associations, and for other purposes.

Official record: https://www.congress.gov/bill/103rd-congress/senate-bill/1419

Text version to examine: Introduced in Senate · 1993-08-06.

Official full text: https://www.congress.gov/103/bills/s1419/BILLS-103s1419is.htm

Imported record last updated by the source: 2025-01-14T18:21:19Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.1419 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine S.1419 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss S.1419, 103rd Congress: A bill to provide for regional equity in funding resolution of failed savings associations, and for other purposes.

Official record: https://www.congress.gov/bill/103rd-congress/senate-bill/1419

Text version to examine: Introduced in Senate · 1993-08-06.

Official full text: https://www.congress.gov/103/bills/s1419/BILLS-103s1419is.htm

Imported record last updated by the source: 2025-01-14T18:21:19Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.1419 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.