H.R. 1278 (101st): Financial Institutions Reform, Recovery, and Enforcement Act of 1989

The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), is a United States federal law enacted in the wake of the savings and loan crisis of the 1980s.

It established the Resolution Trust Corporation to close hundreds of insolvent thrifts and provided funds to pay out insurance to their depositors. It transferred thrift regulatory authority from the Federal ...


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Mar 6, 1989
101st Congress, 1989–1990


Enacted — Signed by the President on Aug 9, 1989

This bill was enacted after being signed by the President on August 9, 1989.


Pub.L. 101-73


Henry González

Representative for Texas's 20th congressional district



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Last Updated: Aug 9, 1989


Mar 6, 1989

This is the first step in the legislative process.

May 2, 1989
Reported by Committee

A committee has issued a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Jun 15, 1989
Passed House

The bill was passed in a vote in the House. It goes to the Senate next.

Jun 21, 1989
Passed Senate with Changes

The Senate passed the bill with changes not in the House version and sent it back to the House to approve the changes. The vote was by Voice Vote so no record of individual votes was made.

Aug 3, 1989
Conference Report Agreed to by House

A conference committee was formed, comprising members of both the House and Senate, to resolve the differences in how each chamber passed the bill. The House approved the committee's report proposing the final form of the bill for consideration in both chambers. The Senate must also approve the conference report.

Aug 5, 1989
Conference Report Agreed to by House

The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill.

Aug 9, 1989
Enacted — Signed by the President

The President signed the bill and it became law.

H.R. 1278 (101st) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

This bill was introduced in the 101st Congress, which met from Jan 3, 1989 to Oct 28, 1990. Legislation not enacted by the end of a Congress is cleared from the books.

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“H.R. 1278 — 101st Congress: Financial Institutions Reform, Recovery, and Enforcement Act of 1989.” www.GovTrack.us. 1989. October 26, 2016 <https://www.govtrack.us/congress/bills/101/hr1278>

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