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[FDIC view on] Environmental Lender Liability
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07/19/1990
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Description:FDIC Division of Liquidation, Director before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, July 19, 1990. The federal deposit insurance system should not be threatened because of environmental liability assessments. Overall, the FDIC and RTC support the Lender Liability Act of 1990 but is concerned the environmental laws, as presently interpreted, pose significant risks to protecting depositors.
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Release Date:07/19/1990
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC);Resolution Trust Corporation (RTC);Environmental Protection Agency (EPA);Small Business Administration (SBA);Farmers Home Administration;Federal Housing Administration (FHA);
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Congressional Committee Involved:Senate Committee on Banking, Housing, and Urban Affairs
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Fdic Employee Involved:Steven A. Seelig
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Law Involved:Comprehensive Environmental Response, Compensation and Liability Act (CERCLA);Resource Conservation and Recovery Act (RCRA);
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Other Notable People Involved:John Joseph LaFalce;Silvio O. Conte;
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Related Legal Case:United States v. Fleet Factors Corporation ("Fleet Factors”)
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Source:FDIC Library Collection
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