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HR 7262 110th Congress House Finance and Financial Sector Bank accounts, deposits, capital Congressional oversight Employee benefits and pensions Financial crises and stabilization Government information and archives Inflation and prices

To reform the Federal Deposit Insurance System, and for other purposes.

Introduced: October 3, 2008 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 3, 2008
Referred to the House Committee on Financial Services.
Oct 3, 2008
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Federal Deposit Insurance Act to increase the standard maximum amount of deposit insurance from $100,000 to: (1) $250,000, $500,000, $750,000, or $1 million, at the option of the insured depository institution; and (2) $250,000, $500,000, $750,000, or $1 million for eligible retirement accounts, at the institution's option. Requires an annual inflation adjustment.

Directs the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) Board to report to Congress and publish in the Federal Register any such inflation adjustments to the standard maximum deposit insurance amount and to the standard maximum share insurance amount.

What's happening now October 3, 2008

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2