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HR 5590 101th Congress House Finance and Financial Sector Bank deposits Bank records Deposit insurance Government paperwork

Bank Account Safety and Soundness Act of 1990

Introduced: September 12, 1990 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 1, 1990
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Oct 1, 1990
Hearings Held by the Subcommittee on Financial Institutions Supervision, Regulation and Insurance Prior to Referral (Sep 27, 90).
Sep 12, 1990
Referred to the House Committee on Banking, Finance + Urban Affrs.
Sep 12, 1990
Introduced in House
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 Plain-English summary Congressional Research Service

Bank Account Safety and Soundness Act of 1990 - Amends the Federal Deposit Insurance Act to require each Bank Insurance Fund member to maintain within the Fund a deposit equal to one percent of the member's total deposits.

Mandates that the certified statements required to be filed annually by such members include the total deposits held and the amount of deposit in the Bank Insurance Fund.

Increases the amount of the Bank Insurance Fund's designated reserve ratio.

What's happening now October 1, 1990

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

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Kaptur, Marcy
Ohio · Sep 24, 1990
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5590: Bank Account Safety and Soundness Act of 1990. 101st Congress. Open America. https://openamerica.io/bill/101-HR-5590/
MLA
"H.R. 5590: Bank Account Safety and Soundness Act of 1990." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-5590/.
Bluebook (legal)
H.R. 5590, 101st Cong. (2026), https://openamerica.io/bill/101-HR-5590/.
Markdown link
[H.R. 5590: Bank Account Safety and Soundness Act of 1990](https://openamerica.io/bill/101-HR-5590/)
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