What was the main reason Congress passed the Garn-St. Germain Act of 1982?

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The Garn-St. Germain Act of 1982 was primarily designed to address the problems caused by the gradual demise of Regulation Q, which had effectively capped savings account interest rates at 5.25%. The act deregulated the savings and loan industry, allowing financial institutions to offer higher interest rates in order to compete with other forms of investment. This led to a flurry of risky lending practices and ultimately contributed to the savings and loan crisis of the 1980s.

What Was the Main Reason Congress Passed the Garn-St