DUTIES OF THE COMMISSION.

SEC. 2552. DUTIES OF THE COMMISSION. The Commission shall— (1) examine and identify the origin and causes of the problems in the savings and loan industry that led to the enactment of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, including consideration of the role of— (A) State and Federal regulation of savings and loan associations, including capital and accounting standards; (B) supervision of, and supervisory resources allocated to, savings and loan associations by, or under the authority of, State and Federal Governments; (C) State and Federal statutes concerning savings and loan associations, including asset powers legislation; (D) macroeconomic changes and regional recessions; (E) competitive factors; (F) unprecedented fraud and abuse by persons in or connected with savings and loan associations; and (G) deposit insurance, including changes in the amount insured and in technology; (2) recommend, on the basis of the Commission’s examination and investigations under this section, further legislative, regulatory, supervisory, and other administrative changes that will— (A) improve the safety and soundness of depository associations, the Federal deposit insurance funds, and other Federal insurance programs; (B) facilitate civil and criminal enforcement actions concerning financial institutions; and (C) prevent the recurrence of the problems identified in the savings and loan industry; and (3) recommend any other reforms which the Commission determines to be appropriate.