Page:United States Statutes at Large Volume 103 Part 1.djvu/304

 103 STAT. 276 PUBLIC LAW 101-73—AUG. 9, 1989 ?i ij "(B) if such practices occur, the extent to which such practices are having an anticompetitive effect and should ^ be prohibited. "(2) REPORT TO CONGREI^.—Before the end of the 1-year period beginning on the date of the enactment of the Financial Institu- tions Reform, Recovery, and Enforcement Act of 1989, the Attorney General and the Comptroller General shall submit a report to the Congress on the results of the study conducted pursuant to paragraph (1).". SEC. 226. SAVINGS ASSOCIATION INSURANCE FUND INDUSTRY ADVISORY COMMITTEESTABLISHED. The Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.) is amended by inserting after section 30 (as added by section 225 of this title) the foUospog new section: 12 USC 1831h. "SEC. 31. SAVINGS ASSOCIATION INSURANCE FUND INDUSTRY ADVISORY COMMITTEE. "(a) EIsTABUSHMENT.— There is hereby established the Savings Association Insurance Fund Industry Advisory Committee (herein- after referred to in this section as the 'Committee'). "(b) MEMBERSHIP. —The Committee shall consist of 18 members, appointed as follows: "(1) 1 member elected from each Federal home loan bank district (by the members of the Board of Directors of each such bank who were elected by the members of such bank) from among individuals residing therein who are officers of insured depository institutions that are Savings Association Insurance Fund members. "(2) 6 members appointed by the Corporation from among individuals who shall represent the public interest. "(c) VACANCIES.—Any vacancy on the Committee shall be filled in the same manner in which the original appointment was made. "(d) PAY AND EXPENSES.—Members of the Committee shall serve without pay, but each member shall be reimbursed, in such manner as the Corporation shall prescribe by regulation, for expenses in- curred in connection with attendance of such members at meetings H• of the Committee. "(e) TERMS. —Members shall be appointed or elected for terms of 1 year. "(f) AUTHORITY OF THE COMMITTEE.—The Committee may select its Chairperson, Vice Chairperson, and Secretary, and adopt methods of procedure, and shall have power— "(1) to confer with the Board of Directors on general and special business conditions and regulatory and other matters affecting insured financial institutions that are members of the Savings Association Insurance Fund; and "(2) to request information, and to make recommendations, with respect to matters within the jurisdiction of the Corpora- tion. "(g) MEETINGS.— The Committee shall meet 4 times each year, and more frequently if requested by the Corporation. "(h) REPORTS. —The Committee shall submit a semiannual written report to the Committee on Banking, Finance and Urban Affairs of the House and to the Committee on Banking, Housing, and Urban Affairs of the Senate. Such report shall describe the activities of the

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