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HR 557 107th Congress House Finance and Financial Sector Bank failures Commerce Deposit insurance Economics and Public Finance Financing Corporation Government Operations and Politics Government corporations Government trust funds Interest Rebates Savings and loan associations Tax-exempt securities

Deposit Insurance Fairness and Economic Opportunity Act

Introduced: February 12, 2001 Introduced by: Lucas, Frank D. Republican · Oklahoma See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 2001
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Feb 12, 2001
Referred to the House Committee on Financial Services.
Feb 12, 2001
Introduced in House
 Plain-English summary Congressional Research Service
Deposit Insurance Fairness and Economic Opportunity Act - Amends the Federal Deposit Insurance Act to set forth a schedule under which the Board of Directors of the Federal Deposit Insurance Corporation shall transfer annually to the Financing Corporation (FICO), for payment of FICO interest obligations, such amounts as exceed 1.40 percent of the total estimated deposits insured by the Bank Insurance Fund and the Savings Association Insurance Fund, respectively, when amounts in both Funds exceed that percentage.
What's happening now March 2, 2001

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Committees of jurisdiction 2