Garn-St. Germain Depository Institutions Act of 1982
GPTKB entity
Statements (52)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legislation
|
| gptkbp:bfsLayer |
4
|
| gptkbp:bfsParent |
gptkb:97th_United_States_Congress
|
| gptkbp:affects |
savings and loan associations
|
| gptkbp:amended_by |
gptkb:Depository_Institutions_Deregulation_and_Monetary_Control_Act
|
| gptkbp:effective_date |
gptkb:1982
|
| gptkbp:enacted_by |
gptkb:legislation
|
| https://www.w3.org/2000/01/rdf-schema#label |
Garn-St. Germain Depository Institutions Act of 1982
|
| gptkbp:impact |
increased competition among financial institutions
|
| gptkbp:includes_provisions_for |
allowing for the establishment of new financial technology companies
allowing for the establishment of new bank charters allowing for the establishment of new mortgage companies allowing for the establishment of new digital banks allowing for the creation of new types of financial institutions allowing adjustable-rate mortgages allowing banks to offer money market accounts allowing for interstate banking allowing for the establishment of branch banking allowing for the establishment of new hedge funds allowing for the establishment of new mutual funds allowing for the establishment of new online banks allowing for the expansion of credit unions allowing for the merger of banks and thrifts allowing thrifts to make commercial loans allowing for the establishment of new commercial banks establishing the Office of Thrift Supervision allowing for the establishment of new securities firms increased deposit insurance limits allowing for the establishment of new insurance companies removing interest rate ceilings allowing for the establishment of new blockchain companies allowing for the establishment of new financial institutions allowing for the establishment of new financial services companies allowing for the creation of new savings associations allowing for the establishment of new cryptocurrency exchanges allowing for the establishment of new venture capital firms allowing for the establishment of new thrift institutions allowing for the establishment of new investment banks allowing for the establishment of new trust companies allowing for the establishment of new credit unions allowing for the establishment of new savings banks allowing credit unions to accept deposits from non-members allowing federal savings banks to operate nationwide allowing for the establishment of new investment companies allowing for the establishment of new private equity firms allowing for the establishment of new real estate investment trusts |
| gptkbp:introduced |
gptkb:Senator_Jake_Garn
|
| gptkbp:purpose |
deregulate savings and loan associations
|
| gptkbp:related_to |
financial deregulation
|
| gptkbp:repealed_by |
gptkb:Financial_Institutions_Reform,_Recovery,_and_Enforcement_Act_of_1989
|
| gptkbp:signed_by |
gptkb:Sir_Ronald_Reagan
|
| gptkbp:significance |
led to the savings and loan crisis
|