Page:United States Statutes at Large Volume 105 Part 3.djvu/503

 PUBLIC LAW 102-242 —DEC. 19, 1991 105 STAT. 2387 (1) such servicing rights are valued at not more than 90 percent of their fair market value; and (2) the fair market value of such servicing rights is determined not less often than quarterly. (b) DEFINITION.—For purposes of this section, the terms "appropriate Federal banking gigency" and "insured depository institution" have the same meanings as in section 3 of the Federal Deposit Insurance Act. (c) EFFECTIVE DATE.—The amendments made by this Act shall take effect at the end of the 60-day period beginning on the date of the enactment of this Act. SEC. 476. LIMITATION ON SECURITIES PRIVATE RIGHTS OF ACTION. The Securities Exchange Act of 1934 is amended by inserting after section 27 (15 U.S.C. 78aa) the following new section: "SPECIAL PROVISION RELATING TO STATUTE OF LIMITATIONS ON PRIVATE CAUSES OF ACTION "SEC. 27A. (a) EFFECT ON PENDING CAUSES OF ACTION.— The limita- 15 USC 78aa-l. tion period for any private civil action implied under section lOO^) of this Act that was commenced on or before June 19, 1991, shall be the limitation period provided by the laws applicable in the jurisdiction, including principles of retroactivity, as such laws existed on June 19, 1991. "(b) EFFECT ON DISMISSED CAUSES OF ACTION.— Any private civil action implied under section 10(b) of this Act that was commenced on or before June 19, 1991— "(1) which was dismissed as time barred subsequent to June 19, 1991, and "(2) which would have been timely filed under the limitation period provided by the laws applicable in the jurisdiction, including principles of retroactivity, as such laws existed on June 19, 1991, shall be reinstated on motion by the plaintiff not later than 60 days after the date of enactment of this section.". SEC. 477. MODIFIED SMALL BUSINESS LENDING DISCLOSURE. 12 USC 251. The Federal Reserve Board shall collect and publish, on an annual basis, information on the availability of credit to small businesses. The information shall, to the extent practicable— (1) include information on commercial loans to small businesses, agricultural loans to small farms, and loans to minority-owned small businesses; (2) be given for categories of small businesses determined by annual sales and for small businesses in existence for less than 1 year; and (3) be given for each geographic region of the United States. In collecting the information, the Federal Reserve Board shall take into consideration the need to minimize reporting costs, if any, on financial institutions.

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