FIRREA

E1014665

FIRREA is a 1989 U.S. federal law enacted in response to the savings and loan crisis, overhauling financial institution regulation and strengthening enforcement and oversight powers.

All labels observed (2)

Label Occurrences
FIRREA canonical 2
FIRREA Title XI 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf United States federal statute
banking regulation law
abolishedAgency Federal Home Loan Bank Board
Federal Savings and Loan Insurance Corporation
affects Federal Home Loan Banks
bank holding companies
savings associations
aimedAtSector depository institutions
savings and loan associations
thrifts
authorizes administrative subpoenas in investigations of financial institution fraud
civil money penalties for violations involving financial institutions
codifiedIn Title 12 of the United States Code
Title 18 of the United States Code
containsProvisionOn appraisal standards for real estate related financial transactions
audits and internal controls of insured institutions
criminal and civil liability for financial institution fraud
country United States
createdAgency Office of Thrift Supervision
enactedIn 1989
establishedEntity Resolution Trust Corporation
focusesOn capital requirements for thrifts
safety and soundness of insured depository institutions
supervisory standards for financial institutions
fullName Financial Institutions Reform, Recovery, and Enforcement Act of 1989
grantsPowerTo Department of Justice
Federal Deposit Insurance Corporation
Federal Reserve Board
Office of the Comptroller of the Currency
hasLongTitleKeyword Enforcement
Recovery
Reform
jurisdiction federal government of the United States
mainPurpose enhance oversight of depository institutions
protect depositors and the federal deposit insurance funds
reform regulation of savings and loan associations
strengthen enforcement powers against financial institutions
policyArea banking law
financial institution supervision
financial regulation
publicLawNumber Public Law 101-73
responseTo savings and loan crisis
signedBy George H. W. Bush
strengthens administrative enforcement remedies for banking regulators
civil enforcement authority against financial fraud
transferredFunctionTo Department of the Treasury
Federal Deposit Insurance Corporation
yearOfSavingsAndLoanCrisisContext 1980s

How these facts were elicited

Referenced by (3)

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