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[FDIC view on] House of Representatives Bill H.R. 1046, Racketeer Influenced and Corrupt Organizations Act (RICO) Reform Act of 1989
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07/20/1989
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Description:General Counsel before the Subcommittee on Crime of the House Judiciary Committee, July 20, 1989. Suggest that the legislation clarify the FDIC’s right to sue for treble damages when suing either in its corporate or receivership capacities. The legislation should also preserve the right of the FDIC to asset RICO claims in either federal or state courts.
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Release Date:07/20/1989
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC);Federal Savings and Loan Insurance Corporation (FSLIC);Resolution Trust Corporation (RTC);U.S. Department of Justice;
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Congressional Committee Involved:House Subcommittee on Crime;House Judiciary Committee;
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Fdic Employee Involved:John L. Douglas
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Law Involved:Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA);Racketeer Influenced and Corrupt Organizations Act (RICO);
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Related Legal Case:FDIC v. Renda;FDIC v. Antonio;
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Source:FDIC Library Collection
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