HR 2501
100th Congress
House
Finance and Financial Sector
Bank deposits
Bankruptcy
Debtor and creditor
Trusts and trustees
Depositor Protection Act of 1987
Introduced: May 21, 1987
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 26, 1987
Referred to Subcommittee on Monopolies and Commercial Law.
May 21, 1987
Referred to House Committee on The Judiciary.
May 21, 1987
Introduced in House
Plain-English summary
Depositor Protection Act of 1987 - Prohibits a bankruptcy trustee from avoiding as a preferential transfer certain withdrawal transactions made by depositors or investors from accounts with certain financial institutions which issue savings obligations or accept deposits in the ordinary course of business.
Applies such prohibition to bankruptcy cases filed on or after March 9, 1983.
What's happening now
Referred to Subcommittee on Monopolies and Commercial Law.
Committees of jurisdiction
2