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Key Votes
S 714 - Resolution Trust Corporation Completion Act - Key Vote
National Key Votes
Herb Kohl voted Nay (Conference Report Vote) on this Legislation.
Read statements Herb Kohl made in this general time period.
Stages
- Dec. 17, 1993 Executive Signed
- Nov. 23, 1993 House Conference Report Adopted
- Nov. 20, 1993 Senate Conference Report Adopted
- Sept. 14, 1993 House Bill Passed
- May 13, 1993 Senate Bill Passed
- April 1, 1993 Introduced
Family
Issues
Stage Details
Legislation - Signed (Executive) - Became Public Law No. 103-204 - Dec. 17, 1993
Legislation - Conference Report Adopted (House) (235-191) - Nov. 23, 1993(Key vote)
Title: Resolution Trust Corporation Completion Act
Vote Result
Yea Votes
Nay Votes
Vote to adopt a conference report that provides additional funding to the Resolution Trust Corporation (RTC) and the Savings Association Insurance Fund (SAIF) to pay for losses incurred by savings and loans institutions.
- $18.3 billion for the RTC to implement a program to reduce fraud and abuse, respond to problems identified by auditors, and increase contracting opportunities for women and minorities.
- $8.5 billion for SAIF with the option of an additional $8.5 billion that must be certified by Congress.
- Instructs the Secretary of the Treasury to submit to Congressional committees reports of spending by the RTC and SAIF.
- Extends the statue of limitations for civil liability lawsuits against officers and directors of failed savings and loan companies from three to five years.
- Expands employee whistleblower protections to cover violations of regulations or law and gross mismanagement (waste of funds, abuse of power, or health or safety violations).
- Changes the date the RTC is required to complete its program from December 31, 1996 to December 31, 1995.
Legislation - Conference Report Adopted (Senate) (54-45) - Nov. 20, 1993(Key vote)
Title: Resolution Trust Corporation Completion Act
Vote Result
Yea Votes
Nay Votes
Vote to adopt a conference report that provides additional funding to the Resolution Trust Corporation (RTC) and the Savings Association Insurance Fund (SAIF) to pay for losses incurred by savings and loans institutions.
- $18.3 billion for the RTC to implement a program to reduce fraud and abuse, respond to problems identified by auditors, and increase contracting opportunities for women and minorities.
- $8.5 billion for SAIF with the option of an additional $8.5 billion that must be certified by Congress.
- Instructs the Secretary of the Treasury to submit to Congressional committees reports of spending by the RTC and SAIF.
- Extends the statue of limitations for civil liability lawsuits against officers and directors of failed savings and loan companies from three to five years.
- Expands employee whistleblower protections to cover violations of regulations or law and gross mismanagement (waste of funds, abuse of power, or health or safety violations).
- Changes the date the RTC is required to complete its program from December 31, 1996 to December 31, 1995.
Legislation - Bill Passed With Amendment (House) - Sept. 14, 1993
Title: Resolution Trust Corporation Completion Act
Vote to pass a bill that provides additional funding to the Resolution Trust Corporation (RTC) and the Savings Association Insurance Fund (SAIF) to pay for losses incurred by savings and loans institutions.
- $18.3 billion for the RTC to implement a program to reduce fraud and abuse, respond to problems identified by auditors, and increase contracting opportunities for women and minorities.
- $8.5 billion for SAIF with the option of an additional $8.5 billion that must be certified by Congress.
- Instructs the Secretary of the Treasury to submit to Congressional committees reports of spending by the RTC and SAIF.
- Extends the statue of limitations for civil liability lawsuits against officers and directors of failed savings and loan companies from three to five years.
- Expands employee whistleblower protections to cover violations of regulations or law and gross mismanagement (waste of funds, abuse of power, or health or safety violations).
- Changes the date the RTC is required to complete its program from December 31, 1996 to December 31, 1995.
NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.
NOTE: THIS VOTE PASSED BY UNANIMOUS CONSENT, MEANING NO MEMBER OBJECTED TO THE PASSAGE OF THE VOTE. THIS DOES NOT NECESSARILY INDICATE THAT ALL MEMBERS FAVORED THE VOTE'S OUTCOME.
Legislation - Bill Passed (Senate) (61-35) - May 13, 1993(Key vote)
Title: Resolution Trust Corporation Completion Act
Vote Result
Yea Votes
Nay Votes
Vote to pass a bill that provides additional funding to the Resolution Trust Corporation (RTC) and the Savings Association Insurance Fund (SAIF) to pay for losses incurred by savings and loans institutions.
- $18.3 billion for the RTC to implement a program to reduce fraud and abuse, respond to problems identified by auditors, and increase contracting opportunities for women and minorities.
- $8.5 billion for SAIF with the option of an additional $8.5 billion that must be certified by Congress.
- Instructs the Secretary of the Treasury to submit to Congressional committees reports of spending by the RTC and SAIF.
- Extends the statue of limitations for civil liability lawsuits against officers and directors of failed savings and loan companies from three to five years.
- Expands employee whistleblower protections to cover violations of regulations or law and gross mismanagement (waste of funds, abuse of power, or health or safety violations).
- Changes the date the RTC is required to complete its program from December 31, 1996 to December 31, 1995.
Legislation - Introduced (Senate) - April 1, 1993
Title: Resolution Trust Corporation Completion Act
Sponsors
- Donald W. Riegle Jr. (MI - D) (Out Of Office)
