What government action occurred due to the savings and loan crisis?

In response to the savings and loan crisis of the 1980s and early 1990s, the U.S. government enacted the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) in 1989. This legislation aimed to restore stability to the savings and loan industry by providing for the resolution of failed institutions, increasing regulatory oversight, and creating the Resolution Trust Corporation (RTC) to manage and liquidate assets of insolvent savings and loans. The government also implemented stricter capital requirements and improved regulatory frameworks to prevent future crises.