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S 3326 102th Congress Senate Finance and Financial Sector Bank capital Credit cards Deposit insurance

A bill to amend the Federal Deposit Insurance Act.

Introduced: October 5, 1992 See on congress.gov
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 Everywhere this bill has been 8 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 9, 1992
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Oct 9, 1992
Referred to the House Committee on Banking, Finance + Urban Affrs.
Oct 5, 1992
Held at the desk.
Oct 5, 1992
Received in the House.
Oct 5, 1992
Message on Senate action sent to the House.
Oct 5, 1992
Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Voice Vote.
Oct 5, 1992
Introduced in Senate
Oct 5, 1992
Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Voice Vote.
 Plain-English summary Congressional Research Service

Amends the Federal Deposit Insurance Act, with respect to contracts entered into by an insured depository institution before appointment of a conservator or receiver, to require an undercapitalized insured depository institution to notify the Federal Deposit Insurance Corporation (FDIC) before entering into an agreement to sell credit card accounts receivable. Cites circumstances under which the FDIC may, in its sole discretion, waive its right to repudiate such agreement. Shields the FDIC from liability for its waiver action.

Sets forth an interim definition of undercapitalized insured depository institution to signify one that does not comply with any currently applicable minimum capital standard prescribed by the appropriate Federal banking agency.

What's happening now October 9, 1992

Referred to the House Committee on Banking, Finance + Urban Affrs.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1