To provide 30-billion to the Resolution Trust Corporation to cover losses of failed thrifts; also requires that requests for more money for the RTC be accompanied by a spending plan.
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The RTC was created to repay consumers who lost insured savings when their savings and loans went bankrupt. The RTC received 50-billion dollars when it was created. If H.R.1315 becomes law, 30-billion more would be given to the agency.