WASHINGTON -- Bankers are looking to the House Judiciary Committee to save them from a Senate-passed measure that would give banking agencies more time to sue officers and directors of failed institutions.

The measure would allow the Federal Deposit Insurance Corp. or the Resolution Trust Corp. To sue officers and directors of banks and thrifts after state statutes of limitations expire, if one of the agencies had been appointed receiver within five years of the time of expiration.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.