Financial Institutions Reform, Recovery, and Enforcement Act of 1989

E82915

The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 is a U.S. federal law enacted in response to the savings and loan crisis, overhauling the regulation of thrift institutions, strengthening enforcement powers, and restructuring federal deposit insurance.

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AI-generated illustration of Financial Institutions Reform, Recovery, and Enforcement Act of 1989

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 is a U.S. federal law enacted in response to the savings and loan crisis, overhauling the regulation of thrift institutions, strengthening enforcement powers, and restructuring federal deposit insurance.)

All labels observed (3)

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf United States federal statute ⓘ
banking law ⓘ
financial regulation law ⓘ
abolishedAgency Federal Home Loan Bank Board ⓘ
Federal Savings and Loan Insurance Corporation ⓘ
aimsTo limit taxpayer exposure to thrift failures ⓘ
protect depositors ⓘ
restore public confidence in the savings and loan industry ⓘ
alsoKnownAs Public Law 101-73 ⓘ
authorized funding to resolve failed savings and loan institutions ⓘ
containsProvision expanded jurisdiction for federal prosecutors in financial institution crimes ⓘ
increased penalties for fraud against financial institutions ⓘ
removal and prohibition orders for institution-affiliated parties ⓘ
country United States ⓘ
createdAgency Office of Thrift Supervision ⓘ
Resolution Trust Corporation ⓘ
dateEnacted 1989-08-09 ⓘ
enactedInResponseTo savings and loan crisis ⓘ
established new accounting standards for thrifts ⓘ
new capital requirements for thrifts ⓘ
new supervisory standards for thrifts ⓘ
hasLongTitle An Act to reform, recapitalize, and consolidate the Federal deposit insurance system, to enhance the regulatory and enforcement powers of Federal financial institutions regulatory agencies, and for other purposes ⓘ
jurisdiction federal ⓘ
legislativeBody United States Congress ⓘ
primaryPurpose reform regulation of thrift institutions ⓘ
restructure federal deposit insurance system ⓘ
strengthen enforcement powers against financial institutions ⓘ
providesFor administrative enforcement actions ⓘ
civil money penalties against financial institutions ⓘ
expanded criminal enforcement authority ⓘ
regulates federally insured thrifts ⓘ
savings and loan associations ⓘ
restructured federal deposit insurance for thrifts ⓘ
sector financial services ⓘ
shortName FIRREA ⓘ
signedBy George H. W. Bush ⓘ
strengthenedPowersOf Federal Deposit Insurance Corporation ⓘ
federal banking regulators ⓘ
subjectMatter banking supervision ⓘ
deposit insurance ⓘ
financial institution enforcement ⓘ
thrift institution regulation ⓘ
title Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
transferredFunctionsTo Federal Deposit Insurance Corporation ⓘ
Office of Thrift Supervision ⓘ
year 1989 ⓘ

How these facts were elicited

Referenced by (19)

Full triples — surface form annotated when it differs from this entity's canonical label.

Community Reinvestment Act → amendedBy → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
Federal Home Loan Bank Board → dissolvedBy → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
101st United States Congress → passedLegislation → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
Home Mortgage Disclosure Act → amendedBy → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
Financial Institutions Reform, Recovery, and Enforcement Act of 1989 → shortName → FIRREA ⓘ
linked to: Financial Institutions Reform, Recovery, and Enforcement Act of 1989
Financial Institutions Reform, Recovery, and Enforcement Act of 1989 → title → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
FHLBB → dissolutionCause → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
Office of Thrift Supervision → legalBasis → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
Federal Deposit Insurance Act → amendedBy → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
Federal Home Loan Bank Act → amendedBy → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
Public Law 101-73 → shortName → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
Resolution Trust Corporation → legalBasis → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
FDICIA → relatedTo → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
Office of Thrift Supervision → foundedByStatute → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
subject linked to: OTS
savings and loan crisis of the 1980s → ledTo → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
FIRREA → fullName → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
Appraisal Subcommittee of the Federal Financial Institutions Examination Council → legalBasis → Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
linked to: Financial Institutions Reform, Recovery, and Enforcement Act of 1989
Resolution Trust Corporation → legalBasis → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
subject linked to: RTC
Resolution Funding Corporation → createdByStatute → Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ