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
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
Plain-English summary
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
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Committees of jurisdiction
2
Cosponsors
1