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HR 5323 101th Congress House Finance and Financial Sector Bank failures Deposit insurance Insurance premiums Savings and loan associations State finance

State Thrift Deposit Insurance Premium Act of 1990

Introduced: July 19, 1990 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 1, 1990
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Jul 19, 1990
Referred to the House Committee on Banking, Finance + Urban Affrs.
Jul 19, 1990
Introduced in House
 Plain-English summary Congressional Research Service

State Thrift Deposit Insurance Premium Act of 1990 - Amends the Federal Deposit Insurance Act to direct the Federal Deposit Insurance Corporation to determine and apportion among the States the cumulative cost of Federal assistance provided to State-chartered savings associations for case resolutions. Declares as "high risk" any State whose share of State resolution costs exceeds twice its share of 1980 State deposits.

Mandates that each high risk State pay to the Savings Association Insurance Fund prescribed premiums reflecting such risk. Sets forth insurance termination procedures if a State fails to pay the required premium. Requires depositor notification of such insurance termination.

What's happening now August 1, 1990

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

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3