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HR 2511 102th Congress House

Prohibition of Payments on Foreign Deposits Act of 1991

Official title: To prohibit the Federal Deposit Insurance Corporation, the Federal Reserve, and other government agencies from providing any form of direct or indirect assistance to cover foreign deposits.

Introduced: June 6, 1991 See on congress.gov
Finance and Financial Sector Bank depositsDeposit insuranceForeign banks and banking
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 17, 1991
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Jun 3, 1991
Referred to the House Committee on Banking, Finance + Urban Affrs.
Jun 3, 1991
Introduced in House
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 Latest action June 17, 1991

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

 Plain-English summary Congressional Research Service

Prohibition of Payments on Foreign Deposits Act of 1991 - Amends the Federal Deposit Insurance Act to prohibit any Federal entity (or a federally controlled entity) from providing any assistance which would in fact, or in effect, provide deposit insurance payments for foreign deposits.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Democratic 3 Independent 1
D
DeLauro, Rosa L.
Connecticut · Sep 11, 1991
 D
Kaptur, Marcy
Ohio · Jun 6, 1991
KLECZKA, GERALD
· Jun 3, 1991
 D
Mfume, Kweisi
Maryland · Jun 3, 1991
 I
Sanders, Bernard
Vermont · Jun 3, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2511: Prohibition of Payments on Foreign Deposits Act of 1991. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-2511/
MLA
"H.R. 2511: Prohibition of Payments on Foreign Deposits Act of 1991." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-2511/.
Bluebook (legal)
H.R. 2511, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-2511/.
Markdown link
[H.R. 2511: Prohibition of Payments on Foreign Deposits Act of 1991](https://openamerica.io/bill/102-HR-2511/)
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