Skip to main content
HR 5429 111th Congress House Finance and Financial Sector Bank accounts, deposits, capital Bankruptcy

Investor Deposit Yardstick Act

Introduced: May 27, 2010 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 28, 2010
Sponsor introductory remarks on measure. (CR E980)
May 27, 2010
Referred to the House Committee on Financial Services.
May 27, 2010
Introduced in House
 Plain-English summary Congressional Research Service

Investor Deposit Yardstick Act - Extends retroactively the increase in the standard maximum deposit insurance amount pursuant to the Emergency Economic Stabilization Act of 2008 (EESA) to include depositors in any institution for which the Federal Deposit Insurance Corporation (FDIC) was appointed as receiver or conservator on or after January 1, 2008, and before October 3, 2008.

Directs the FDIC to take necessary actions to carry out deposit insurance requirements under the Federal Deposit Insurance Act (FDIA) with respect to such depositors, without regard to any time limitations under such Act.

Deems any payment on a deposit claim made by FDIC as receiver or conservator to a depositor above the standard maximum deposit insurance amount in effect at the time of the FDIC's appointment as receiver or conservator to be part of the net amount due to the depositor under the FDIA.

What's happening now May 28, 2010

Sponsor introductory remarks on measure. (CR E980)

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3