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H.R. 6267 (97th): Garn-St. Germain Depository Institutions Act of 1982

About the bill

Source: Wikipedia

The Garn–St Germain Depository Institutions Act of 1982 (Pub.L. 97–320, H.R. 6267, enacted October 15, 1982) is an Act of Congress that deregulated savings and loan associations and allowed banks to provide adjustable-rate mortgage loans. It is disputed whether the act was a mitigating or contributing factor in the savings and loan crisis of the late 1980s.

The bill, whose full title was "An Act to revitalize the housing industry by strengthening the financial stability of home mortgage lending institutions and ensuring the availability of home ...

Sponsor and status

Introduced
May 4, 1982
97th Congress, 1981–1982
Status

Enacted — Signed by the President on Oct 15, 1982

This bill was enacted after being signed by the President on October 15, 1982.

Law
Pub.L. 97-320
Sponsor

Fernand St. Germain

Representative for Rhode Island's 1st congressional district

Democrat

Text

Read Text »
Last Updated: Oct 15, 1982

Source

History

May 4, 1982
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

May 11, 1982
 
Ordered Reported

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

May 20, 1982
 
Passed House (Senate next)

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

Sep 24, 1982
 
Passed Senate with Changes (back to House)

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.

Sep 30, 1982
 
Conference Report Agreed to by Senate (House next)

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 Senate approved the committee's report proposing the final form of the bill for consideration in both chambers. The House must also approve the conference report. The vote was by Voice Vote so no record of individual votes was made.

Oct 15, 1982
 
Enacted — Signed by the President

The President signed the bill and it became law.

Oct 15, 1982
 
Text Published

Updated bill text was published as of Passed Congress.

H.R. 6267 (97th) 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 97th Congress, which met from Jan 5, 1981 to Dec 23, 1982. Legislation not enacted by the end of a Congress is cleared from the books.

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“H.R. 6267 — 97th Congress: Garn-St. Germain Depository Institutions Act of 1982.” www.GovTrack.us. 1982. October 17, 2019 <https://www.govtrack.us/congress/bills/97/hr6267>

Where is this information from?

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