Agricultural Bank Assistance Act of 1986

2/2
Status In Committee
Sponsor James Leach
Citation 99-HR-4387
Actions 3
Introduced Mar 12th, 1986
Cosponsors
Last Action Mar 12th, 1986
Policy Area
Introduced House Mar 12
House
Senate
President
Enacted

Summary

AI Guide

What this bill does

Loading AI analysis…

Agricultural Bank Assistance Act of 1986 - Amends the Federal Deposit Insurance Act to permit an agricultural bank to amortize over ten years any loss on a qualified agricultural loan that the bank would otherwise be required to show on an annual financial statement for calendar year 1986, 1987, or 1988. Disallows such amortization if the appropriate Federal banking agency determines that: (1) fraud or criminal abuse by the bank led to such loss; (2) the bank's capital-to-total financial assets ratio is less than three percent; or (3) the bank has failed to make good faith efforts to design a recapitalization plan to strengthen its capital-to-total financial assets ratio.

Actions

3
House
INTRODUCED
INTRODUCED
Mar 12, 1986
ON FLOOR
REFERRED TO COMMITTEE
COMMITTEE
REFERRED TO SUBCOMMITTEE
Font size

No Bill Text yet Available

Text for this piece of legislation has not yet been uploaded — check back in a few days.