The law passed by the U.S. Congress in 1983 which required American banks to post special reserves to cover possible losses on their foreign loans is known as:

Question

Quizplus · Accepted Answer

The International Lending and Supervision Act of 1983 was enacted by the U.S. Congress to address concerns about the stability of international banking by requiring banks to set aside reserves for potential losses on foreign loans, among other provisions aimed at improving the supervision and regulation of international lending.

The Law Passed by the U