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S. 280 102nd Congress Senate

Deposit Insurance Fairness Act of 1991

Official title: A bill to provide for the inclusion of foreign deposits in the deposit insurance assessment base, to permit inclusion of non-deposit liabilities in the deposit… Show full official titleShow less

Official title: A bill to provide for the inclusion of foreign deposits in the deposit insurance assessment base, to permit inclusion of non-deposit liabilities in the deposit insurance assessment base, to require the FDIC to implement a risk-based deposit insurance premium structure, to establish guidelines for early regulatory intervention in the financial decline of banks, and to permit regulatory restrictions on brokered deposits.

Introduced: January 30, 1991 See on congress.gov
Finance and Financial Sector Bank capitalBank depositsBank examinationBank failures
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BrokersDeposit insuranceForeign banks and bankingInsurance premiums
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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
May 9, 1991
Committee on Banking. Hearings held.
Jan 29, 1991
Read twice and referred to the Committee on Banking.
Jan 29, 1991
Introduced in Senate
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 Latest action May 9, 1991

Committee on Banking. Hearings held.

 Plain-English summary Congressional Research Service

Deposit Insurance Fairness Act of 1991 - Title I: FDIC Assessment Amendments - Amends the Federal Deposit Insurance Act to modify the definition of "deposit" to provide that obligations to a Federal Reserve Bank or a Federal Home Loan Bank shall not be considered deposits for purposes of this Act, nor be included as part of the total deposits of an insured deposit. Revises assessment procedures to provide that assessment base additions shall be any deposits or other obligations which would constitute deposits under the Act's defined terms, and which are received in any office of the depository institution.

Sets the annual assessment rate applicable to obligations and deposits at a minimum of 75 percent of the assessment rate applicable to domestic deposits. Modifies the definition of "deposits" to include non-deposit liabilities such as notes, bonds, and similar liabilities.

Sets forth an assessment schedule based upon specified risk criteria.

Title II: Financial Institution Early Intervention - Financial Institution Early Intervention Act of 1991 - Sets forth an early regulatory intervention procedure to ensure prompt corrective resolution of troubled undercapitalized insured depository institutions.

Title III: Restriction of Brokered Deposits - Authorizes banking regulatory agencies to restrict the acceptance of brokered deposits by an insured depository institution.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Jan 30, 1991
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APA
U.S. Congress. (2026). S. 280: Deposit Insurance Fairness Act of 1991. 102nd Congress. Open America. https://openamerica.io/bill/102-S-280/
MLA
"S. 280: Deposit Insurance Fairness Act of 1991." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-S-280/.
Bluebook (legal)
S. 280, 102nd Cong. (2026), https://openamerica.io/bill/102-S-280/.
Markdown link
[S. 280: Deposit Insurance Fairness Act of 1991](https://openamerica.io/bill/102-S-280/)
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