Skip to main content
HR 522 108th Congress House Finance and Financial Sector Accounting Administrative procedure Administrative remedies Bank accounts Bank capital Bank deposits Bank examination Bank failures Bank records Bank reserves Commerce Congress Congressional investigations Congressional reporting requirements Consumer education Credit unions Deposit insurance Dividends Economics and Public Finance

Federal Deposit Insurance Reform Act of 2003

Introduced: February 4, 2003 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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 19 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 3, 2003
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 2, 2003
Motion to reconsider laid on the table Agreed to without objection.
Apr 2, 2003
On passage Passed by the Yeas and Nays: 411 - 11 (Roll no. 98).
Apr 2, 2003
The previous question was ordered pursuant to a previous order of the House.
Apr 2, 2003
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 522.
Apr 2, 2003
DEBATE - Pursuant to a previous order, the Committee of the Whole proceeded with 20 minutes of debate on the Ose amendment.
Apr 2, 2003
GENERAL DEBATE - Pursuant to a previous order of the House, the Committe of the Whole proceeded with one hour of debate on H.R. 522.
Apr 2, 2003
The Speaker designated the Honorable Ray LaHood to act as Chairman of the Committee.
Apr 2, 2003
The House resolved into Committee of the Whole on the state of the Union pursuant to a previous special order.
Apr 2, 2003
Considered by previous order of the House. (consideration: CR H2603-2625)
Apr 2, 2003
Consideration initiated by previous order of the House.
Mar 27, 2003
Placed on the Union Calendar, Calendar No. 31.
Mar 27, 2003
Reported (Amended) by the Committee on Financial Services. H. Rept. 108-50.
Mar 13, 2003
Ordered to be Reported (Amended) by Voice Vote.
Mar 13, 2003
Committee Consideration and Mark-up Session Held.
Mar 4, 2003
Committee Hearings Held.
Feb 27, 2003
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Feb 4, 2003
Referred to the House Committee on Financial Services.
Feb 4, 2003
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Apr 2, 2003 House · vote #98 On Passage Passed 411–11 See who voted →
 Amendments to this bill 2

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

1 agreed to 1 failed

AmendmentSponsorPurposeStatusLatest action
HAMDT 27 — An amendment in the nature of a substitute made in order as original text for the purpose of amendment. Agreed to Apr 2, 2003
HAMDT 26 — An amendment numbered 1 printed in the Congressional Record. Failed Apr 2, 2003
 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
Federal Deposit Insurance Reform Act of 2003 - Mandates the merger of the Bank Insurance Fund and the Savings Association Insurance Fund into the Deposit Insurance Fund.

Amends the Federal Deposit Insurance Act (FDIA) and the Federal Credit Union Act to: (1) increase the amount of deposit insurance coverage; (2) couple such increase with an inflation adjustment; and (3) double the amount of deposit insurance for certain retirement accounts.

Amends the FDIA to replace assessment guidelines for achieving and maintaining a designated reserve ratio and for independent treatment of deposit insurance funds with a requirement that the Board of Directors of the FDIC set assessments as it determines appropriate, including a maximum base rate for assessments at one basis point for insured depository institutions in the lowest-risk category.

Reduces from five years to three years the mandatory assessment recordkeeping period.

Replaces the current 1.25 percent statutory reserve ratio used to recapitalize undercapitalized insurance funds with a reserve ratio range of 1.15 to 1.4 percent of estimated insured deposits, subject to specified factors and annual redetermination.

Instructs the FDIC to establish a Deposit Insurance Fund Restoration Plan to ensure adequate reserves whenever the actual ratio in the DIF falls below certain criteria.

What's happening now April 3, 2003

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 6
All 6 Democratic 2 Republican 4
D
McGovern, James P.
Massachusetts · Mar 20, 2003
 R
Moran, Jerry
Kansas · Mar 20, 2003
 R
Capito, Shelley Moore
West Virginia · Mar 12, 2003
 R
Aderholt, Robert B.
Alabama · Feb 11, 2003
 R
Rogers, Mike D.
Alabama · Feb 11, 2003
 D
Waters, Maxine
California · Feb 4, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 522: Federal Deposit Insurance Reform Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-522/
MLA
"H.R. 522: Federal Deposit Insurance Reform Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-522/.
Bluebook (legal)
H.R. 522, 108th Cong. (2026), https://openamerica.io/bill/108-HR-522/.
Markdown link
[H.R. 522: Federal Deposit Insurance Reform Act of 2003](https://openamerica.io/bill/108-HR-522/)
Report a problem