Congress immerses itself this week in legislation designed to rescue the Savings Association Insurance Fund. Two separate bills are being considered in the House. House Banking Committee Chairman Jim Leach, R- Iowa, said he plans to tack his bill onto the budget package that must be enacted before fiscal year 1996 begins Oct. 1.

Rep. Marge Roukema, R-N.J., is writing the other bill, essentially a backup plan in case the thrift fund fix is stripped from the budget bill or it is vetoed by President Clinton. House Banking's financial institutions subcommittee plans to hold a hearing on Rep. Roukema's legislation on Thursday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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