HR 3389
103th Congress
House
Finance and Financial Sector
Commerce
Consumer education
Consumer protection
Deceptive advertising
Deposit insurance
Government Operations and Politics
Government paperwork
Information disclosure (Securities law)
Mutual funds
Securities industry
Securities regulation
Depository Institution Mutual Fund Sales Act
Introduced: October 27, 1993
Introduced by:
Neal, Richard E.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 28, 1993
Sponsor introductory remarks on measure. (CR E2720)
Oct 27, 1993
Referred to the House Committee on Banking, Finance + Urban Affrs.
Oct 27, 1993
Sponsor introductory remarks on measure. (CR H8514)
Oct 27, 1993
Introduced in House
Plain-English summary
Depository Institution Mutual Fund Sales Act - Amends the Federal Deposit Insurance Act to provide that an insured depository institution shall require a registered investment company conducting business on its premises to disclose in writing to prospective clients that the securities are not deposits and are not insured by the Federal Deposit Insurance Corporation or the Federal Government.
Mandates that such disclosures also be included in any advertising and promotional materials issued by the depository institution with respect to such securities.
What's happening now
Sponsor introductory remarks on measure. (CR E2720)
Committees of jurisdiction
1
Cosponsors
1