HR 1293
107th Congress
House
Finance and Financial Sector
Bank deposits
Bank reserves
Deposit insurance
Economics and Public Finance
Fees
Government trust funds
Savings and loan associations
Deposit Insurance Stabilization Act
Introduced: March 29, 2001
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 10, 2001
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Mar 29, 2001
Introduced in House
Mar 29, 2001
Referred to the House Committee on Financial Services.
Plain-English summary
Deposit Insurance Stabilization Act - Amends the Deposit Insurance Funds Act of 1996 to make the effective date for the merger of the Bank Insurance Fund with the Savings Association Insurance Fund 60 days after the date of enactment of this Act.
Amends the Federal Deposit Insurance Act to authorize the Board of Directors of the Federal Deposit Insurance Corporation to impose a fee upon an uninsured depository institution that experiences a net increase in new insured deposits in excess of a percentage the Corporation determines appropriate.
Repeals the minimum assessment requirements for semiannual assessments under the risk-based assessment system for any depository insurance fund.
What's happening now
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Committees of jurisdiction
2