Oversight of Resolution Trust Corporation Contracting: Hearing Before the Subcommittee on Federal Services, Post Office, and Civil Service of the Committee on Governmental Affairs, United States Senate, One Hundred First Congress, Second Session. September 24, 1990

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Page 47 - Statement of Charles A. Bowsher Comptroller General of the United States Before the. Subcommittee on Federal Services, Post Office and Civil Service Senate Committee on Governmental Affairs GAO/T-GGD-50-55 i~ . . -- Mr.
Page 85 - Thank you again for this opportunity to appear before you. I •will be happy to answer any questions you may have or to furnish the committee any additional information desired.
Page 27 - I want to thank you for the opportunity to appear before you. I will be happy to answer any questions you might have.
Page 5 - Senator Lieberman? OPENING STATEMENT OF SENATOR LIEBERMAN Senator LIEBERMAN. Thank you, Mr. Chairman.
Page 1 - US SENATE, COMMITTEE ON GOVERNMENTAL AFFAIRS, Washington, DC. The Committee met, pursuant to notice, at 9:37 am, in room SD-342, Dirksen Senate Office Building, Hon.
Page 75 - When the RTC identifies a need for private sector services, it first searches its National Contractor Data Base for a list of all potential service providers. All firms seeking to do - 23 business with the RTC must be registered in the Data Baaa.
Page 54 - Corporation to prohibit any person who has — "(i) been convicted of any felony; "(ii) been removed from, or prohibited from participating in the affairs of, any insured depository institution pursuant to any final enforcement action by any appropriate Federal banking agency...
Page 27 - Corporation shall, not later than 180 days after the date of enactment of this subsection, promulgate rules and regulations applicable to independent contractors governing conflicts of interest, ethical responsibilities, and the use of confidential information consistent with the goals and purposes of titles 18 and 41, United States Code.
Page 81 - AMS will authorize reimbursements to the contractor. In a like manner, when a sale is consummated, the proceeds will be deposited in a special RTC account monitored by the AMS. The AMS will credit the sale to the contractor, calculate the incentive disposition fee due the contractor and authorize payment for the sale. This system will allow RTC headquarters - ii staff to continuously monitor the progress of contractors in managing and disposing of assets.
Page 58 - RTC staff will provide continuing oversight by monitoring the activities of contractors. Firms found to be performing below an acceptable level will be notified, informed where they are deficient, and placed on probation. As long as a firm remains on probation, they will not be offered new opportunities to work for the RTC. If, within a reasonable period of time, the firm is not performing at an acceptable level, existing contracts will be terminated.

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