Resolution Trust Corporation Funding Act of 1991

Law Financial services Law

Date: 23rd Mar, 1991 Source: Congress.gov Country: USA Original Source

Brief

The Resolution Trust Corporation Funding Act of 1991 was enacted on March 23, 1991. The law amends the Federal Home Loan Bank Act to enable the Resolution Trust Corporation (RTC) to meet its obligations by the least expensive means. It provides $30 billion in funding for the RTC and requires regular reports from the Oversight Board to Congress on the corporation's activities. Additionally, it makes various management reforms to improve the effectiveness of the RTC.

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