HR 4059
101th Congress
House
Finance and Financial Sector
Bank marketing
Consumer protection
Securities regulation
Depositor Protection and Fraud Act of 1990
Introduced: February 21, 1990
Introduced by:
Schumer, Charles E.
Democratic
· New York
See on congress.gov
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
Plain-English summary
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.
What's happening now
Subcommittee Hearings Held.
Committees of jurisdiction
2