Reconstruction Finance Corporation - Disbanding

Disbanding

RFC was "abolished as an independent agency by act of Congress (1953) and was transferred to the Department of the Treasury to wind up its affairs, effective June, 1954. It was totally disbanded in 1957."

In 1991, Rep. Jamie L. Whitten (D-MS) introduced a bill to reestablish the RFC, but it did not receive a hearing by a congressional committee and he did not reintroduce the bill in subsequent sessions.

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