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HR 4059 101th Congress House

Depositor Protection and Fraud Act of 1990

Official title: To amend the Federal Deposit Insurance Act to regulate certain marketing activities engaged in on the premises of deposit-taking facilities of insured depository institutions.

Introduced: February 27, 1990 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Finance and Financial Sector Bank marketingConsumer protectionSecurities regulation
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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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 15, 1990
Subcommittee Hearings Held.
Mar 14, 1990
Subcommittee Hearings Held.
Mar 1, 1990
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Feb 21, 1990
Referred to the House Committee on Banking, Finance + Urban Affrs.
Feb 21, 1990
Introduced in House
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 Latest action March 15, 1990

Subcommittee Hearings Held.

 Plain-English summary Congressional Research Service

Depositor Protection and Fraud Act of 1990 - Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from marketing any stocks or bonds 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 6
All 6 Democratic 4
D
Kaptur, Marcy
Ohio · Feb 27, 1990
KLECZKA, GERALD
· Feb 27, 1990
LIPINSKI, WILLIAM
· Feb 27, 1990
 D
Mfume, Kweisi
Maryland · Feb 27, 1990
 D
Neal, Richard E.
Massachusetts · Feb 27, 1990
 D
Pelosi, Nancy
California · Feb 27, 1990
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4059: Depositor Protection and Fraud Act of 1990. 101st Congress. Open America. https://openamerica.io/bill/101-HR-4059/
MLA
"H.R. 4059: Depositor Protection and Fraud Act of 1990." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-4059/.
Bluebook (legal)
H.R. 4059, 101st Cong. (2026), https://openamerica.io/bill/101-HR-4059/.
Markdown link
[H.R. 4059: Depositor Protection and Fraud Act of 1990](https://openamerica.io/bill/101-HR-4059/)
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