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HR 3278 106th Congress House

Financing Corporation Assessment Elimination Act of 1999

Official title: To amend the Federal Deposit Insurance Act and the Federal Home Loan Bank Act to provide for the payment of Financing Corporation interest obligations from bal… Show full official titleShow less

Official title: To amend the Federal Deposit Insurance Act and the Federal Home Loan Bank Act to provide for the payment of Financing Corporation interest obligations from balances in the deposit insurance funds in excess of a designated reserve ratio.

Introduced: November 9, 1999 Introduced by: Lucas, Frank D. Republican · Oklahoma See on congress.gov
Finance and Financial Sector Bank failuresCommerceDeposit insuranceEconomics and Public Finance
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Financing CorporationGovernment Operations and PoliticsGovernment corporationsGovernment trust fundsInterestSavings and loan associationsTax-exempt securities
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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
Dec 2, 1999
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Nov 9, 1999
Sponsor introductory remarks on measure. (CR E2315)
Nov 9, 1999
Referred to the House Committee on Banking and Financial Services.
Nov 9, 1999
Introduced in House
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 Latest action December 2, 1999

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service
Financing Corporation Assessment Elimination Act of 1999 - Amends the Federal Deposit Insurance Act to mandate transfer to the Financing Corporation, to cover interest payments, issuance costs, and custodial fees on its obligations, of designated funds in the Bank Insurance Fund and the Savings Association Insurance Fund which exceed a specified reserve ratio.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 3278: Financing Corporation Assessment Elimination Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-HR-3278/
MLA
"H.R. 3278: Financing Corporation Assessment Elimination Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-3278/.
Bluebook (legal)
H.R. 3278, 106th Cong. (2026), https://openamerica.io/bill/106-HR-3278/.
Markdown link
[H.R. 3278: Financing Corporation Assessment Elimination Act of 1999](https://openamerica.io/bill/106-HR-3278/)
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