HR 1014
102th Congress
House
Taxation
Bank failures
Deposit insurance
Finance and Financial Sector
Income tax
Tax-exempt securities
Qualified Depositor Protection Bond Act of 1991
Introduced: February 20, 1991
Introduced by:
Reed, Jack
Democratic
· Rhode Island
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 20, 1991
Referred to the House Committee on Ways and Means.
Feb 20, 1991
Introduced in House
Plain-English summary
Qualified Depositor Protection Bond Act of 1991 - Amends the Internal Revenue Code to allow the issuance of tax-exempt qualified depositor protection bonds to repay depositors not otherwise insured in an insolvent financial institution located in a qualifying State, or to assist the reopening of closed financial institution in such State. Describes a qualifying State as one in which the Governor declares a bank holiday for a period of not less than five consecutive business days at no less than one-third of the State's financial institutions.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1