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HR 3777 101th Congress House Finance and Financial Sector Bank marketing Consumer protection Securities regulation

Depositor Protection and Abuse Prevention Act of 1989

Introduced: November 20, 1989 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) 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
Dec 15, 1989
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Nov 20, 1989
Referred to the House Committee on Banking, Finance + Urban Affrs.
Nov 20, 1989
Introduced in House
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 Plain-English summary Congressional Research Service

Depositor Protection and Abuse Prevention Act of 1989 - Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from marketing any interests in its affiliates in any office space which is commonly accessible to the general public for the purpose of accepting deposits.

Grants a Federal banking agency regulatory authority either to prohibit such sales or to impose conditions upon them if the agency determines that any stock or bond of the institution is likely to be confused by the general public with an insured deposit.

What's happening now December 15, 1989

Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

 Related & companion bills 1
  • S 2058 Identical bill Depositor Protection and Abuse Prevention Act of 1990
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 3777: Depositor Protection and Abuse Prevention Act of 1989. 101st Congress. Open America. https://openamerica.io/bill/101-HR-3777/
MLA
"H.R. 3777: Depositor Protection and Abuse Prevention Act of 1989." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-3777/.
Bluebook (legal)
H.R. 3777, 101st Cong. (2026), https://openamerica.io/bill/101-HR-3777/.
Markdown link
[H.R. 3777: Depositor Protection and Abuse Prevention Act of 1989](https://openamerica.io/bill/101-HR-3777/)
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