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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
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This bill died when the 100th Congress ended
It never became law before the 100th Congress (1987–1988) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Plain-English summary Congressional Research Service

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 May 26, 1987

Referred to Subcommittee on Monopolies and Commercial Law.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2
D
Hoyer, Steny H.
Maryland · Feb 24, 1988
 D
Markey, Edward J.
Massachusetts · Dec 9, 1987
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2501: Depositor Protection Act of 1987. 100th Congress. Open America. https://openamerica.io/bill/100-HR-2501/
MLA
"H.R. 2501: Depositor Protection Act of 1987." 100th Congress, 2026, Open America, https://openamerica.io/bill/100-HR-2501/.
Bluebook (legal)
H.R. 2501, 100th Cong. (2026), https://openamerica.io/bill/100-HR-2501/.
Markdown link
[H.R. 2501: Depositor Protection Act of 1987](https://openamerica.io/bill/100-HR-2501/)
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