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S 4052 111th Congress Senate Finance and Financial Sector Bank accounts, deposits, capital Interest, dividends, interest rates Lawyers and legal services

A bill to require the Federal Deposit Insurance Corporation to fully insure Interest on Lawyers Trust Accounts.

Introduced: December 22, 2010 Introduced by: Merkley, Jeff Democratic · Oregon 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
Dec 22, 2010
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 22, 2010
Introduced in Senate
 Plain-English summary Congressional Research Service

Amends the Federal Deposit Insurance Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to treat as a noninterest-bearing transaction account fully insurable by the Federal Deposit Insurance Corporation (FDIC) any Interest on Lawyers Trust Account (or functionally equivalent account) established by an attorney or law firm on behalf of a client.

What's happening now December 22, 2010

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

 Committees of jurisdiction 1