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S 541 111th Congress Senate Finance and Financial Sector Bank accounts, deposits, capital Congressional oversight Federal Deposit Insurance Corporation (FDIC) Government corporations and government-sponsored enterprises Government lending and loan guarantees

Depositor Protection Act of 2009

Introduced: March 5, 2009 See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 5, 2009
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2848-2849)
Mar 5, 2009
Sponsor introductory remarks on measure. (CR S2848)
Mar 5, 2009
Introduced in Senate
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 Plain-English summary Congressional Research Service

The Depositor Protection Act of 2009 - Amends the Federal Deposit Insurance Act to increase from $30 billion to $100 billion the maximum sum that the Federal Deposit Insurance Corporation (FDIC) is authorized to borrow from the Secretary of the Treasury.

Authorizes a temporary increase, through calendar 2010, in such borrowing authority, up to a maximum of $500 billion, if the Secretary of the Treasury, in consultation with the President, determines that additional amounts above $100 billion are necessary, pursuant to the written recommendation of the FDIC Board of Directors and the Board of Governors of the Federal Reserve System (Federal Reserve Board). Requires a two-thirds vote of the members of both the FDIC Board of Directors and the Federal Reserve Board to make such a recommendation.

Requires the FDIC, if its borrowing authority is increased above $100 billion, to report promptly to certain congressional committees the reasons and need for the additional borrowing authority and its intended uses.

What's happening now March 5, 2009

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2848-2849)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
D
Schumer, Charles E.
New York · Mar 12, 2009
 R
Crapo, Mike
Idaho · Mar 5, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). S. 541: Depositor Protection Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-541/
MLA
"S. 541: Depositor Protection Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-541/.
Bluebook (legal)
S. 541, 111th Cong. (2026), https://openamerica.io/bill/111-S-541/.
Markdown link
[S. 541: Depositor Protection Act of 2009](https://openamerica.io/bill/111-S-541/)
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