HR 1971
99th Congress
House
Finance and Financial Sector
Bank deposits
Credit unions
Deposit insurance
Federal Reserve System
Government Operations and Politics
National banks
Savings and loan associations
Savings banks
Banking Confidence Act of 1985
Introduced: April 3, 1985
Introduced by:
Schumer, Charles E.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 3, 1985
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Apr 3, 1985
Referred to House Committee on Banking, Finance and Urban Affairs.
Apr 3, 1985
Introduced in House
Plain-English summary
Banking Confidence Act of 1985 - Amends the Federal Deposit Insurance Corporation Act, the National Housing Act, and the Federal Credit Union Act to prohibit, two years after the enactment of this Act: (1) the provision of Federal deposit insurance for the deposits of any institution which is engaged in business and the deposits of which either are not insured or are insured by a State-operated or privately-operated insurance fund; and (2) the Board of Governors of the Federal Reserve System or any Federal Reserve bank from providing any financial assistance to such an institution.
What's happening now
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Committees of jurisdiction
2