Belavezha Accords Belavezha Accords The Belavezha Accords (, , ) is the agreement that declared the Union of Soviet Socialist Republics as effectively ceasing to exist and established the Commonwealth of Independent States (CIS) in its place as an successor entity. It was signed at the state dacha near Viskuli in Belovezhskaya Pushcha on December 8, 1991, by the leaders of three of the four republics-signatories of the Treaty on the Creation of the USSR — Russian President Boris Yeltsin and First Deputy Prime Minister of RSFSR/Russian Federation Gennady Burbulis, Ukrainian President Leonid Kravchuk and Prime Minister of Ukraine Vitold Fokin, Belarusian
Home Ownership and Equity Protection Act of 1994 2005. Home Ownership and Equity Protection Act of 1994 In September 1994, President Bill Clinton signed into law the Home Ownership and Equity Protection Act of 1994, written by US Rep. Joseph P. Kennedy (D-Mass). The law requires certain disclosures and clamps restrictions on lenders of high-cost loans. Implemented via Regulation Z at 12 CFR 226.32, it only applies to non-purchase-money transactions. The law gives the Federal Reserve Board the power to administer the act and to adjust the implementing regulations. Critics of Alan Greenspan argue that he failed to properly use these powers when subprime mortgage problems became apparent