HR 2176
102th Congress
House
Finance and Financial Sector
Deposit insurance
Employee benefit plans
Interest rates
Deposit Insurance Modification Act of 1991
Introduced: May 1, 1991
Introduced by:
Neal, Richard E.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 15, 1991
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
May 1, 1991
Referred to the House Committee on Banking, Finance + Urban Affrs.
May 1, 1991
Introduced in House
Plain-English summary
Deposit Insurance Modification Act of 1991 - Amends the Federal Deposit Insurance Act to exclude from the definition of "insured deposit" certain deposits which: (1) obligate the depository institution to credit interest at a guaranteed rate specified in, or determined pursuant to, the contract with respect to deposits made after the initial deposit; or (2) permit any pre-maturity withdrawal without a substantial penalty.
Defines "employee benefit plan" and "substantial penalty" for purposes of such Act.
What's happening now
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Committees of jurisdiction
2