The International Lending and Supervision Act passed by the U.S. Congress in 1983 required U.S. banks with international credit risk exposure to post special reserves behind those loans.

Question

Quizplus · Accepted Answer

The International Lending Supervision Act of 1983 was indeed passed by the U.S. Congress to address concerns over international banking, particularly focusing on the stability of international lending practices. It required banks to set aside reserves for potential loan losses on international loans, reflecting the increased risk associated with such lending.

The International Lending and Supervision Act Passed by the U