Skip to main content
HR 1900 105th Congress House Finance and Financial Sector Administrative procedure Administrative remedies Affiliated corporations Bank deposits Bank loans Bank marketing Bank records Brokers Civil Rights and Liberties, Minority Issues Commerce Confidential communications Consumer complaints Consumer education Consumer protection Deceptive advertising Department of the Treasury Employee training Evidence (Law) Federal Deposit Insurance Corporation

Depository Institution Consumer Protection Act of 1997

Introduced: June 17, 1997 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 27, 1997
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Jun 17, 1997
Referred to the House Committee on Banking and Financial Services.
Jun 17, 1997
Sponsor introductory remarks on measure. (CR E1234)
Jun 17, 1997
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Depository Institution Consumer Protection Act of 1997 - Amends the Federal Deposit Insurance Act to require each Federal banking agency to prescribe consumer protection regulations pertaining to the sales, solicitations, advertising, or offers of a nondeposit product by a retail depository institution (including its affiliates, subsidiaries, and persons engaged in such activities at an institution office, or on its behalf).

Encompasses within the ambit of such regulations: (1) anticoercion sales and product marketing rules; (2) product suitability; (3) mandatory disclosure of the non-insured and non-guaranteed status of a nondeposit product, including investment risks; (4) prohibition of misrepresentation; (5) physical segregation of banking and nonbanking activities; (6) sales personnel qualification requirements and training; and (7) the structuring of compensation programs with respect to nondeposit product referral or sales incentives.

Directs Federal banking regulators to jointly establish a consumer enforcement mechanism for expeditious consumer complaint resolution.

Proscribes the use of a deposit institution name or logo in connection with a nondeposit product serviced by such institution.

Sets forth safeguards relating to confidential consumer financial information.

What's happening now June 27, 1997

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 3 Independent 1
I
Sanders, Bernard
Vermont · Jun 17, 1997
 D
Schumer, Charles E.
New York · Jun 17, 1997
 D
Velázquez, Nydia M.
New York · Jun 17, 1997
 D
Waters, Maxine
California · Jun 17, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1900: Depository Institution Consumer Protection Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-HR-1900/
MLA
"H.R. 1900: Depository Institution Consumer Protection Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-1900/.
Bluebook (legal)
H.R. 1900, 105th Cong. (2026), https://openamerica.io/bill/105-HR-1900/.
Markdown link
[H.R. 1900: Depository Institution Consumer Protection Act of 1997](https://openamerica.io/bill/105-HR-1900/)
Report a problem