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S 799 104th Congress Senate

Bank Insurance Fund and Depositor Protection Act of 1995

Official title: A bill to amend the Federal Deposit Insurance Act to exclude certain bank products from the definition of a deposit.

Introduced: May 12, 1995 See on congress.gov
Finance and Financial Sector AnnuitiesBank depositsDeposit insuranceIncome tax
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Labor and EmploymentTax-deferred compensation plansTaxation
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) 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 12, 1995
Read twice and referred to the Committee on Banking.
May 12, 1995
Sponsor introductory remarks on measure. (CR S6601-6602)
May 12, 1995
Introduced in Senate
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 Latest action May 12, 1995

Read twice and referred to the Committee on Banking.

 Plain-English summary Congressional Research Service

Bank Insurance Fund and Depositor Protection Act of 1995 - Amends the Federal Deposit Insurance Act to exclude from its definition of "deposit" any liability of an insured depository institution that arises under an annuity contract, the income on which is tax deferred (thus excluding such liabilities from Federal deposit insurance coverage).

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 799: Bank Insurance Fund and Depositor Protection Act of 1995. 104th Congress. Open America. https://openamerica.io/bill/104-S-799/
MLA
"S. 799: Bank Insurance Fund and Depositor Protection Act of 1995." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-S-799/.
Bluebook (legal)
S. 799, 104th Cong. (2026), https://openamerica.io/bill/104-S-799/.
Markdown link
[S. 799: Bank Insurance Fund and Depositor Protection Act of 1995](https://openamerica.io/bill/104-S-799/)
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