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Statement of Administration Policy: H.R. 5610 - Deposit Insurance Funds Protection Act of 1990

September 15, 1990

STATEMENT OF ADMINISTRATION POLICY

(House)
(Gonzalez (D) Texas arid Wylie (R) Ohio)

The Administration supports legislation that would provide immediately more flexibility' to the Federal Deposit Insurance Corporation (FDIC) to raise assessments on commercial banks to replenish the Bank Insurance Fund. The Administration will send a legislative proposal to Congress in the next few days.

The Administration supports House passage of H.R. 5610, but will seek amendments in the Senate to conform to the Administration proposal which will provide more flexibility to the FDIC in order to strengthen the Barik Insurance Fund.

George Bush, Statement of Administration Policy: H.R. 5610 - Deposit Insurance Funds Protection Act of 1990 Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/329048

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